[LUV] update

Not much has changed from the model provided in the backlink so the real purpose of this post is to reiterate my view of the future for LUV shown below.  In short, we are very, very near the start of red 3 which, being a 3rd of 3rd, should move down quickly, perhaps even more so than depicted below.  If this model continues to play out as prescribed, traditional technical analysis will soon catch up to the Ellioticians by calling a head and shoulders breakdown.  

Of course, this is like yelling fire after half the barn has already burned down.  This is in complete contrast to the predictive nature of Elliott waves which you can see being applied in posts like this one from my blog.  SCE, does this really look like "50-50 odds" to you?