The pullback which was expected in the backlink seems to have begun. Here is the unannotated snapshot given back then:
Below is current. Any time I see 3 wave up to the level of the prior 4th, I wonder greatly if that was not an a-b-c. I would certainly have un-assed this thing at $130 based on my past post but if you are still holding it, I see this heading down rapidly soon per below and it might well not stop at $113 as mentioned in the backlink. It very well could produce a lower. Be careful with the oil patch folks, this does not look bullish. I would change my tune if it could achieve a higher high from here.
Tuesday, May 12, 2015
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