Tuesday, June 23, 2015

[LUV] update

In the backlink I provided this model:

 

that model predicted a sharp move just above $38 and then a move down to $33.  So far it is pretty close to the new actual below.  So now I'd like to see a move up to the high $37 range before turning sharply back down into a 3rd wave down.  To be clear, I currently model the $33 low as wave 1 or A down.  the 38.2 fib is $38.21 which represents a very trade-able rally from current levels.  But don't be in it when the trap door opens up going into August.










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