[JWN] update

In the backlink I provided a model which I have reproduced in zoomed in format below.




That model believed that blue 5 of green 1 bottomed around $73.50.  Then it expected a nice a-b-c to the level of the prior 4th.  In reality, I was off by one small wave as you can see from the current snapshot below.  Instead of bottoming at $73 and change and then bouncing to $78, it bottomed at $72 and bounced to $76.50.  Of course, the shape is really what counts here and blue 2 was clearly an a-b-c retracement so far.  Bottom line: the odds are high and rising that the next support will be $63.