Thursday, February 12, 2015

[RUSL] update: sell into exponential move.

In the backlink I was wondering how far the throwover into E of 4 would go and I can tell you we are getting very close to the limit because C is nearly the same size as A.

Why the over sized breakout?  Perhaps because of the supposed Ukraine deal.  I think the 4th wave nature of this chart is telling us that the deal is bullshit and that it will break down soon, just like RUSL.  This is very, very likely a massive 4th wave.  It could have as much as $2-3 left in the run but that is pressing your luck.  I think $27 will be about the limit and when the reversal happens it should go down quickly.  This should be a profitable short play once the melt down begins.



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