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If today's low holds, then it will be above the lower band, and
represent a potential buy signal, with a low below 1850 (the approx.
low on Thurs. March 1) representing a rally failure. The initial
upside target would be the mid-line band, at about 2300 (+20%)
within a month, and the next target after that would be about
2600 (+35%) within 3 months. This may be wishful thinking
given the gloomy outlook, but both targets would be consistent
with recent price-performance and still would not invalidate the
overall downtrend.
(attached chart, updated using today's current low - 1983.23)
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