Backlink. The model provided below is essentially intact. It says that we still have the 5th and final wave of 5 to trace out.
Current snapshot shows that there was an expanded flat 4th that formed. I suspect that it means that downside below W3 will be less than shown above. We might be in for a double bottom type move of some sort. But of course it can also go lower. We'll just have to see how the waves play out.
Monday, October 19, 2015
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