In the backlink I provided the model below indicating one more potential wave down before was in.
What played out was pretty much as modeled and it resulted in a pretty clear WC. Buy the dip and then stop out below that recent low. Also, if this is the start of the next wave up then it should begin to move quickly because it will in that case be a 3rd of 3rd. Get suspicious if it does not have that character.
Wednesday, March 4, 2015
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