Where are we with potential Walk Away in May?

The last 6 weeks of $COMPX selling have gotten the pundits plenty worried.  They know the bull market is long in the tooth but few were mentally prepared for the strength of this sell off.  There is currently too much short term bearishness, too many people saying the bull is over, not enough people talking about dip buying.  But the recent action in the $COMPX is warning me about being short because this is very likely a big A-B-C and not a 1-2-3-4-5.  That means it was corrective, not motive and that we can easily see 5 final waves up.  Maybe it will even form The Owl and give us a beautiful declining double top to sell into.  But I really don't expect it to break down without being on a 3rd wave and more probably a 3rd of 3rd.  And what we see below is not likely a 3rd of 3rd.

In any case, I have to model the formation below as a fish tail which is nearly completed. Once it breaks back to the up side just run a trailing stop on it. don't be surprised if it touches 4400 or maybe even 4440 before turning back down.