Look at the leg up from Mid feb to Mid March; nearly identical. the stops (Pullbacks) are in the exact same ranges. So if this is acually the 2/3 mark then we should achieve 1020 by next week. Here between 980 and 1020 will begin some consolidation. The length will be dependant on bulls and bears.

Today is the 3 day of takedown I expect a recovery mode to kick in around 10:30 MT. This it a normal pattern for this event, which was weak to say the least.

ECU is holding just under the 200. Ranging between 1.70 to 1.90. RBC decided to dump another 140,000 shares at the low of low of the day, they were met by Ramond james in the low 1.70s. If RBC is selling their position they sure do pick the wrong points to do it. I believe they are shorting and hard.

The fallout is settling lets not get complacent. Good luck folks.

Reg Mills