The wave form below is still an a-b-c "fish tail" pattern. So BOLO a breakout, especially with a gap, a then buy any dip you get after that. If this starts moving up into a 3rd as shown then it should move very quickly and the wave pattern should be quite clear to see since such is the nature of 3s and Cs.
Monday, February 23, 2015
[JNUG] update
JNUG has slid further down the slope of hope than I expected in the backlink model. While that sux for M+M hopefuls, the next likely bottoming point is the 76.4 fib which we are close to right now. Usually I give up on anything lower than the 61.8 fib and others often set their limits at the 70.7 fib. But in the case of a deep vee second that is part of a long term trend change I can easily make an exception.
The wave form below is still an a-b-c "fish tail" pattern. So BOLO a breakout, especially with a gap, a then buy any dip you get after that. If this starts moving up into a 3rd as shown then it should move very quickly and the wave pattern should be quite clear to see since such is the nature of 3s and Cs.
The wave form below is still an a-b-c "fish tail" pattern. So BOLO a breakout, especially with a gap, a then buy any dip you get after that. If this starts moving up into a 3rd as shown then it should move very quickly and the wave pattern should be quite clear to see since such is the nature of 3s and Cs.
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