Big pharma ready for a big pullback [PFE]

PFE is the ticker for Pfizer which is a good representative for big pharmaceuticals.  Their stock has gone up because it was assumed that aging boomers would each have millions of dollars either personally or paid for by the state, to buy overpriced meds.  But the charts say that this was all debt driven and that a reversal in fortune is coming.  I believe it will be driven by the conservative wave that I have been writing about for over a year now.  Conservatives will not take on debt in order to fund these sky high drugs and thus the drug prices will fall and so will the profits of the likes of Pfizer.

In the chart below we see that PFE bottomed into 2009 just like most companies.  It's revitalization was therefore not natural but rather based on the fed conning the world into not giving up on our economic leadership.  At the very least I expect a 3 wave move back to the level of the prior 4th.  This is shown by the green numbers.  To mess this chart up, all the bulls had to do was push the recent rally to a higher high and it would have ruined this as a 2 count.  But since they could not do this, it lends to the view that they cannot.

This should be a fantastic time to be shopping for Jan 2018 $22 puts.