Below is my updated count. I tried to make a falling wedge out of the green lines but could not. So I don't think this is part of a 3rd wave, I think it's just a 5th wave shake down. The lower they take it, the bigger the percentage gains will be when this finally begins to turn on the volatility shorts.
Again, I modeled some time ago that this could possibly go as low as $8 so none of this should come as too much of a shock. What is going to be a shock is how quickly it pops back up to $20 and higher once the market finishes its last little push. Maybe it is already done for all I know.
I sense the endgame is upon us here. Again.
Stops are set to $8.25.
1 comment:
Stopped out at 8.2 .... looking to re-enter at 8
Post a Comment