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Earl,
What is a typical "triple fib thrust"? Price hitting different fib
targets at three
different times.
Don
Earl Adamy wrote:
>
> Looking at the daily chart, price is hugging the downtrend line drawn across
> the 1/28 and 2/10 pivot highs which suggests an upside break is likely. On
> the other hand, we lack the typical triple fib thrusts which accompany
> declines like this (the previous decline between 12/10 and 1/11 was
> completed in two thrusts). Short interest in the futures has been rising
> strongly indicating the expectation of further decline but would provide
> lots of fuel for a sharp rally. The weekly chart shows less uncertainty to
> me and the decline appear to be well underway with projection to 120^28.
>
> Earl
>S3 121 31/32
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