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I was still bearish during the spike, and still am. I think we will see light sweet at or below $45 by the end of 06'
Accoring to Bulowski's ency of CP, we should see a 23% decline on average from the neck, but 15% is more likely. SO far this means hte head and shoulders is no longer withing the spectrum of why you should be bearish. I think as of now if it closes below 56.25, we will see lower prices, but all in all I think it's correct price should be $45/brl or lower.
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