[MCD] update

At the backlink I provided the model below.


Reality is that the chart split the difference but has not yet put in a clean motive wave down yet.  My Jan 70 puts are soon to expire but I bought even more March 80s and then even more Jan 2017s.  The 38.2 fib of the recent peak is $79.22 and that is the minimum pull back level we should expect.