Price Pace

Traded HIG short today and it lends a good example to the concept of price "pace" and the waning interest of buyers in a market (as mentioned in the "Falling Dominoes" post).The two Fibonacci Extensions show a larger cycle projection (red) and a smaller time frame projection (yellow) for potential targets. When a confluence exists between two or more cycles you get good areas for support/resistance.
On the flip side there was FAZ today. I didn't trade it, as I was too late in seeing it. But here you can see the lack of selling interest, before price began to accelerate. In looking at it though, it may have been a tricky to trade in terms of a target, unless you just went for the HOD or previous support level at $17.50.