Friday, March 20, 2015

[JDST] update

My best guess given the action into the close is that wave 4 is in progress with C of 4 on JDST to play out on Monday and then one more move down into Tues before reversing upward as shown.

The herd also has the option of just selling JDST into the lower rail on Monday and then doing an intraday reversal.  Nobody knows for sure how it will turn out but since I could possibly count five ugly, choppy upward waves into the late trade and then 3 pretty clear waves down, I have to assume we get 5 pretty clear waves up on Monday as C of 4 plays out. 

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