At the backlink the model indicated that MCD was working on a 5th wave which could already have counted complete at that time (red model below). Turns out that the blue path was taken and so now it is my primary mode.
I really do wonder what goes through people's heads buying this crap at a time when the retail consumer is obviously falling apart and also when these low margin companies are coming under increased pressure to massively increase wages. It's just stupid. But I guess as long as the music is playing they will dance and the music will likely continue to play for another 3-5 days on this one or until the 5th of this 5th reaches about the height of the red vertical so that length of 5 = length of 1.
This stock is now going nearly straight up. It was $87.50 back in late August and now its $114 with modeled odds to $118. If it hits $118 then it will represent a whopping 35% increase in a matter of 3 months. Do you think this is going to reach the sky? I don't. It will collapse just like all the other Ponzi stocks that I have called tops on in these pages.
Remember when Macy's was acting unassailable and despite this I called a major top on it (albeit a bit early). Now look at it. In just over 4 months it has done a 9-11 (collapsed into its own foot print at the speed of gravity...)
Same with Wal-Mart, same with Nordstrom's, same with many others. Soon enough GE will roll over and then the $COMPX, S+P and DJIA.
Monday, November 23, 2015
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