Boeing update

As modeled in my previous post, Boeing Aerospace is now in virtual free fall.  Right now it could be counted as an a-b-c and in fact I think a lot of traders are buying this dip since it has worked so many times over the past 5+ years.  But that ending diagonal strongly suggest that both engines have flamed out.  One more wave down will cinch the diagnosis.  A trip down to $126 or lower from here will mean that 5 waves down have occurred and that will be a motive, not a corrective move.  In other words, confirmation of a new bear market in Boeing.