I see a trading range in PM between $45 and $35. Standard technical analysis says that if a breakdown from that range forecasts a $10 move, same as the size of the range, giving you a $25 price target. Also, if you take PM's 52-week high and subtract a fibonacci 62% you get $21. Finally, there is a consolidation triangle forming, same as in the indexes, forecasting a move to $22. You can also see a downward sloping head and shoulders top with a $22 price target. So from a variety of TA methods, you get price targets in the low 20s. If PM trades at $22, it would yield almost 10%. A very high number to be sure, but in a market that is imploding, not out of the question.
Hockus Pokeus why don't you bring in a horoscope analysis into your technical method. I'm 9999.9999% sure that the sun will come up in the East tomorrow morning but perhaps if a head and shoulders pattern develops who knows!
If the market impoldes PM will trade like everthing else in the market............no doubt........the bottom line is you don't really know yourself and your technincal analysis could be done while you are sitting on the can taking a dump like PM is doing today.