Monday, February 9, 2015

[USO] update

Here is the most recent backlink but recent action has reverted my model to the blue model shown at this link.  The model below looks choppy because I included extended trading without which the a-b-c nature of black two is difficult to discern.  So the lesson here is that the extended trade data is important to look at.

In any case, this model suggests a slight pullback and then a rapid move up as wave 3 of 3 plays out.  For all I know, the pullback could already be complete and it will just gap up tomorrow but that would be a lower odds play IMO.


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