Backlink. JDST has broken out of the top rail (1st confirmation) and now back up into the region of the prior 4th wave. It did so with a gap which tells us that the herd has been watching that level and that shorts were stopped out there and new JDST long positions were taken by the momo computers.
Trading stops have been moved up to $8.72 thus assuring a nice profit on this trade.
Tuesday, January 13, 2015
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