Wednesday, December 10, 2014

Boeing in freefall again.

Here is the back link to the prior model.  As you can see by comparing that model to the updated snapshot below, my primary count turned out to be correct (the blue 5 without the ? next to is is the primary, ? is the alternate).



















This was a classic 4th wave triangle followed by 5th wave motive move.  It's clearly over now because the chart has moved back into the range of wave 1 of 5 and that violates a motive rule.  It now appears to be putting in a 3rd wave which means some sideways to up action for a couple days before breaking down the top rail as shown.  Blue 3 will likely take out both the upper and lower rails for good.

There is nothing that I like about the BA chart and if you know anyone in these shares you will do them a favor by telling them to fly away from this stock faster than a 787.

No comments:

Twitter Delicious Facebook Digg Stumbleupon Favorites More