[JWN] indicator flashing sell signal...

Backlink.  The original Nordstrom's model from that link is below.  It expected a move back to the level of the prior 4th.  but then we got what looked like 3 waves up into $76.50 and so I concluded that the bounce was over. 





Turns out I was just a bit impatient.  It since spiked momentarily to the low $78 range as originally modeled.  So I'm going to model wave green 2 as complete now.  If this model is correct we should see a rapid and unmistakeable movement down as wave 3 plays out.  3rds tend to be quite powerful in nature.  If this model is correct, Nordstrom's (an indicator of the spending habits of credit-infused people) should begin to tank almost from the opening bell tomorrow.