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I too have been calling for the downtrend to continue since two weeks ago.

I see 1200-1300 as a very real potential bottom, if things accelerate to the downside past the point you note.

I cashed out but will hold until I see some support before I get back in.

I visually look at the graphs over a few years. The meteoric rise since May is bound to level off as we are seeing now.

if it can hold and bounce at support line, it may and will get to new high. $4000 +????