The 116.06 downside target seemed farfetched when it first came into play theoretically back in January. However, with Friday’s plunge through p2=125.83, it has become no worse than an even-odds bet to be achieved. The pattern looks a little too obvious to yield up a bottom-fishing gem for us. Indeed, as a practical matter I’ll be look for the Big Turn to occur in the discomfort-zone void between p2 and D=116.06. For now, however, unless you’ve been trading this vehicle all the way down, I’d suggest continuing to gape in awe.