I was wrong about Clorox [CLX]

In my first post on Clorox I was obviously early with the topping call.  Of course, the market told me I was wrong almost immediately and so instead of continuing to post negative opinions, I waited for the next EW chart setup to occur.   That is how to do EW.  You will not always be right but if you do it right then you will quickly know when you are wrong so you can cut losses quickly.

In any case, I now model another very likely peak for CLX.  Below I show the count as 1-2-3 which is what Avi would count it.  But EWI would call it a-b-c and so there is a wide variation in what could happen next.  If we see sideways action then it's probably 4th wave and Avi will be correct,  If we see double top and then plummet, nod goes to Prechter.  Time will tell but for now I am calling a top at the recent high of $120.