Wednesday, July 9, 2014

Twitter update

Here is the last update on TWTR.  Below is a side by side of the model back then vs actual.  A lower low on TWTR will confirm that the crash is in progress.  A move above $43 will indicate that a recovery to the 38.2 or even 61.8% fib is in progress.  I don't see how the can happen if other stocks are breaking down so at this point my primary model is that TWTR peaked with a pathetic 23.6 fib retracement.



At some point I think TWTR will BK and people will stop embarrassing themselves by referring to short text messages as "tweets".  Newsflash people: we don't care what you ate for breakfast!

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