Thursday, November 5, 2015

[JNUG] update

From the backlink the model was per below.



Zooming out a bit we likely have one more small wave down before reversal but around $34 will be the worst case bottom, just 50 cents lower than modeled above.  Having said that, the blue path is viable if this is being treated as a 5 wave rail bump WCD wave by the herd.  I hope you can see that the herd has flexibility in going either way while still being within the EW rules.

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