[FAZ] might well have bottomed today.

I model a significant bottom to be in place today for FAZ.  In the backlink I modeled that we were close but likely needed one more small wave down to complete.  Instead, what I had modeled as a 4th morphed into a rising wedge to create wc4.  This shows me that buyers are being a bit more aggressive than I thought.  This is bullish IMO.  In addition, I model the action since pink 4 to be 5 waves down that coincidentally is exactly the same size as pink 1.   I'm not a big believer in coincidences so I will be watching this carefully bought a 1/3 position of this in the extended trade for $12.26 just now.  Stops at $12.21.