Friday, December 19, 2014

[RUSL] strong today despite gold selloff.

Backlink.  It might still be tracing out wave 2.  A fall below $3.20 would cinch that the C wave of this model is in progress (blue model).  That is where I set my stops.  A break out above black 1 means that the pullback is already done and that wave 3 up is in progress.  Remember: the triangle is not confirmed until a break below the lower rail.


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