[CLF] update

The backlink model busted and and so I've adjusted the wave count accordingly.  It looks the same for CLF as for all of the other commodities: a blowout bottom likely in the very early days of October before a sharp vee bottom, and it could come in the form of a unicorn tail which is there and gone in a flash.


Back in 2011, they loved CLF @$100.  Now they will hate it at $2.  Don't be fooled into thinking commodities will go worthless folks.  This is just deleveraging by highly overleveraged player who are getting margin calls.  When they are done deleveraging and the selling pressure stops, these commodities plays will triple within 8 weeks.

What a great time to be counting waves.