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Message: Hey Lunch

2.25 to 3.01 wave 1 was followed by a 50% retrace wave 2 to 2.63

2.63 to 3.30 is Wave 3.

50% retrace is 2.97. we closed at 2.98 today but dipped to 2.92, possibly a technical shakeout. If it doesn't hold, 2.89 is 61.8% which was also resistance in the early rise of wave 3 but wave 4's aren't supposed to go much lower than wave 3 tops or 3.01 in SGR's case.

My sentiment indicators are low on the 60 minute chart which in the last 10 months have signalled a buy - they are almost identical to the break up from 2.63.

On the otherhand, psychological barriers from last year's meltdown and nerves got the best of me today and I lightened up a bit so the price will probably breakout tomorrow with an eventual minimum target of 3.55 in the next 2 weeks which is getting very close to the 1 billion $ mark.

Otherwise go down the list of resistance

2.89, 2.72, 2.63, 2.55, 2.25...

Or maybe we just bounce around while Jitney mops up any potential mess.

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