My crazy fractal idea of what a downtrend resume would look like (IF IT DOES)

[dropt]

We are heading down below $200, I will call $127.52 on Oct 18th.

we stay below $150 for at least six months, so time to buy is Feb or March next year.

That is probably the dumbest thing I've read on here in the last two days.  Please help me think it's not dumb and show me why you believe this.

[Miz4r]

We are heading down below $200, I will call $127.52 on Oct 18th.

we stay below $150 for at least six months, so time to buy is Feb or March next year.

Based on what exactly? This doesn't sound very realistic to me. Do you like to pull random things out of your ass?

[maker88]

We are heading down below $200, I will call $127.52 on Oct 18th.

we stay below $150 for at least six months, so time to buy is Feb or March next year.

Ok you've pointed out a legit ironclad point of resistance, but why do you think it will be there around October? Any reasoning or just intuition(not that there's anything wrong with intuition I use it all the time)