Originally Posted by
siriusly_invested
Thanks Bass. Now if I have this right, the current drop you refer to is from 17.83 down to 24.55, so a rebound of 50% to approx 26.19 is about where the current rebound would reach. Ironically, we closed today only 9 cents under that 50% retracement point, so from that we might assume it could be downhill from here....... but keep an eye on that 24.55 from a few days ago and if it breaks through that level then we might be in trouble. Did I get that almost right?
Anyway, i think I get the idea to watch for that low point and act accordingly. Unless I'm totally wet, no additional brain cells on your part are necessary for my understanding. Thanks again.