Thursday, July 30, 2015

[JNUG] update

In the backlink I was modeling for one more tiny wave down.  Below is the model:



Zooming in we can see from the blue pointers next to blue C that we did indeed get that little micro move.  When the model is predicting these sorts of things it suggests that the odds are high that the model is correct.  We will really know about this if we get 3 waves to the top rail which I plan on selling it it peaks below blue b but, importantly, I will be right back in if blue b is broken out of because that would bust the 4th wave HT model which I think is forming but has not been confirmed yet.

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