XIU March2

XIU march 2

Many things can go wrong but so far the pattern has followed the script pretty well. We should hit a low (after 5 –waves down) in the next week or so. The minimum has almost already been reached at about 11, but it COULD still go lower to 10 or 9 1/2. Once there it is almost certainty that we go back to at least 14; even 16 is within a 505 retracement and wave 4. This is a buy by any measure, the only question is how far you are willing to lower your bid without risking missing the boat. The HXU probable will not make it to 6, one may have to settle for 7 or so.