"I think we are in minor wave 1 of major wave 5 that started on July 29th. Whether or not this is a multiple of Wave 3 remains to be seen but 3.72 is in the cards at a minimum if the markets hold up. If $3 is the minor wave 1 high, we could retrace half the July 29-31 move to ~ 2.66 and then up to ~ 3.20 back to ~3.05 up to ~3.70. Or this could keep going straight up."

http://stockcharts.com/h-sc/ui?s=SGR.V&p=D&yr=0&mn=6&dy=0&id=p40416869342&listNum=1&a=159659257