...as explained in my previous post. Look for this major support level and if it breaks thru, it will head to the $1200-1350 range.
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I too have been calling for the downtrend to continue since two weeks ago.
I see 1200-1300 as a very real potential bottom, if things accelerate to the downside past the point you note.
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I cashed out but will hold until I see some support before I get back in.
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I visually look at the graphs over a few years. The meteoric rise since May is bound to level off as we are seeing now.
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if it can hold and bounce at support line, it may and will get to new high. $4000 +????
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