In the backlink I provided a secondary model in log scale as shown below. The cautionary warning here was to beware the 4th wave HT potential.:
Friday's rally followed the above model price movement fairly closely. Is it just a fake out for those who would count the chart below as their primary model? I don't know but I would sell JNUG if this went back down into the channel because then this would count as an E wave throwover.
If this happens, it really boosts Avi's case over EWI. Right now is the point where I think the herd has to choose between EWI and Avi.
Stay on your toes until we clear that top rail.
Sunday, October 4, 2015
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