MURICO.com Forum

New upside targets have been marked

and waiting to "LOCK ON" a done deal with a break above the previous high. Oct target marked @ 75.00 and Dec target marked @ 68.00-----? maybe 69.00 if a lot of shorts are caught with their pants down. I've had 69.15 as my favored upside target since it began this new leg higher at the beginning of the current 3 week cycle on Sept 17th. That 3 week cycle ends Friday, so I'm looking to get a cycle completion with a new high with the next target being the 50% retracement of the 81.25 contract high down to the contract low of 57.05 which is 69.15.

If it doesn't happen Friday, I have to believe it is still on the menu as long as daily closes remain above 64.00. Below 64.00 triggers a sell signal but needs a daily close below that to confirm the sell signal is not a fake out. Between 67.50 and 64.30 is just market static trying to decide who has control.