short covering rally and then down to test the$1100 area
0.618..................$19.71
0.764..................$21.00
1.00....................$23.10
The upside target on the fibonacci extension is $12.45
The breakout above $11.10 will be into short covering rally Hang on
GOLD will test $1100 before it may find a bottom
Ford GM make billions and there stocks are much lower TSLA irrational Exuberance.
Deflation still the story in the market place
looking good sofar
Look's like the big boys like the possibilities
It may take a while to turn around, and may be a smaller company, but in the end they have learned a lot
EOG could see a good price action on monday lookt PXD today
Pivot point $16.51 S-1 $15.44 R-1 $18.02 R-2 $19.14 and R-3 $20.70
Anything constructive to offer Thanks in advance
Gap closed EOM
The Fibonacci extension targets are 1.272 = $18.54 and 1.618 = $19.57
May make it to around a $1000
The friday to monday big gap is closed prepare for next leg down
We could see $20.70 on the fibonacci 2.0 extension by the end of the summer
The word "FOLLOW" comes into play
Potential target is $19.64