WalMart model update.[WMT]

Here's the back link.  Check out the zoom in of WMT at the bottom of that post.  the model below modifies that count from that last post slightly but not in a significant way.   The real news is that after 5 waves down into black 1 we got an a-b-c into black 2 and then began to head down. This is how the market sets itself up for a 3rd wave gap down.  If this happens it will form an island reversal in WMT the same has has been done for $COMPX back in late November.

If people think they have seen the markets in fearful sell off mode already, just wait a bit. The panic hasn't even begun yet and UVXY is up 80% off its lows already.  TVIX bottomed at $2.01 and then just kissed 2.99 a few days later (on its way to $8).

Buy the pullback in these ETFs folks.  If you don't know how to read a chart, don't go all in at once and then have to suffer a 38.2% retracement that convinces you to sell at the bottom.  Instead, cost average into your position.  Do NOT think that the train has left the station!  It has barely began to move off the platform.  These ETFs have gotten the living shit beaten out of them since 2009.  Many, many hundreds of percent gains will now be had by anyone who has the stones to buy when the charts are saying "buy".
 

Hear me now und believe me later...  Shorting these debt fueled Ponzi markets will (most likely) pump you up!  It's always about odds of course but the wave model strongly suggests that the odds are in the favor of sellers.

• Don't bet more than you feel comfortable with.   This is, at the end of the day, gambling.
• Don't use margin unless you are very experienced and know how to effectively use tight stops.
• Don't ride this horse bareback yet.  Use at the very least loose stops of 5%, especially on the likes of UVXY, TVIX and JNUG.  It is always more important to not lose capital than it is to make gains.  There is always another hand being dealt if you missed out on the last good one.
• Monitor your own emotions.  If you ever feel like you Kant Lose, if you feel giddy about your winnings, if you feel invincible, BE AFRAID because Murphy is never far off and he comes at you sideways, never straight on.  Most people never see him coming.  He is that good.
• Don't be afraid to take your original bet out of the market if you are up several hundred percent.  There is nothing like playing with OPM and not your own.