If this is a repeat of 7/30/2007, this rebound still has leg and can gain another 9% from this point on (bring it to $125 level, and surprise many people), and may last about 2 months. I am watching potential breakout of those red resistant lines for confirmation.
Note this is only ONE of many possible outcomes given market volatility. Even this is materialized, it may still be a counter trend rally and may be the start of another BIGGER drop. So play it safe.
Note this is only ONE of many possible outcomes given market volatility. Even this is materialized, it may still be a counter trend rally and may be the start of another BIGGER drop. So play it safe.
