Tuesday, January 5, 2016

[NKE] update

The backlink snapshot is below.  I did not provide a model but there was a strongly negative bent to the post as I wrote, "...when good news is punished after a long run up, it's time to GTFO of a stock.  Trees will not grow to reach the sky."



Since then the lower rail broke down and back tested from below.  It is still possible that this will be treated as a 3rd wave and now we completed an a-b-c but as you can see from below that is not my primary count.  I don't like the way blue 2 came right up and filled the gap.  The odds are rapidly piling up against current shareholders and if my count is correct we should see acceleration to the down side very soon now.

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