Tuesday, October 28, 2014

JNUG bounce occurred but so far it is just a gap fill. BE CAREFUL!

I do NOT like it where shares move up just high enough to fill a gap or to meet the 2-4 parallel!  JNUG will need to pull back then then bust through $8.40 for me to call it a breakout.  It might happen but it should not be counted upon.  I still have not seen the full 5 waves down that I modeled in this post.  Doesn't mean I have the count right but it does leave a question open and questions=risk.

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