[GREK] update

In the backlink I was modeling a bottom soon in coming.  That model is below.




Here is the actual.  It put in a short stroke E of 4 and then moved down 5 waves to find a bottom.  Just a few percent above where I modeled it likely would reverse.   Keep in mind that Greece was supposed to have run out of money by now.  The chart was telling me not to believe it.  Please read the backlink for the full story but once again Elliott waves provide uncanny results.  And let's not forget that my model also predicted a reversal of GREK when it was on the rise before.  EW are not a crystal ball but they can be pretty incredible in practice.   Of course, it's always about odds and triggers, not certainties.  Just like any other form of gambling.