You know what's funny about this? 20% from the recent low would match the plummeting 14% of standard error bounce I was just talking about and max it by another 5 points for a 38% retrace on the move. In other words, dude's saying let's bottom fish after creating a dream for longs and rape them.
38% after that frothing bear is generous. They may even call it early here. I'm not liking the 40 week average.
