Monday, March 16, 2015

[JNUG] update

In the backlink I posted the model below whose red path was modeled to make it to $17 belfore needing to do a good sized a-b-c reversal:

The current snapshot suggests that this model will be correct.  Wait for the pullback and then jump in using stops just below the green 2 bottom.  The next wave up should be 3 of 3 which likely means late afternoon big rally after having done an intraday reversal.  Again, these are only models - use stops - but the dollar also looks to be peaking so the odds seem pretty good at this point.

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