[JNUG] update

At the backlink the model suggested that we were at or near a very significant bottom.



I wanted to present another view of the data using Andrew's pitchfork analysis.  In that model, the move down from the recent peak at red 4 is a 3 wave a-b-c move which recently found support center channel.  From here the chart will likely either break out per the red model or have one wave lower per the blue model.  A break above the top rail within the red circle would suggest that the red model is the correct model.