BIL - Wish it could hit higher

BIL - Rallied within 18 weeks from 1.20 to 3.50, a whopping 192%. Now it's history, but what happened then has not send the traders away from it just yet. The retracement brought it down to 2.90, exactly 23.6% on the fib retracement line. That is something to watch. Retracements tend to be longer than that, but if the trend is going to be in agreement with both the buyers and sellers, then this pause will be over and trend up to test 3.80 and 4.00. If that happens in a matter of days or weeks, it could be a decent return. I suggest to collect between 2.90 and 3.40, and, as it is now at 3.30 - 3.40 why not try some at that, and target 3.80 to 4.00 which could give you about a 14% return. But what I wonder is that the position traders who are accumulating big numbers would settle for as small a % as 14%.