In the backlink I provided the chart below. Note how I actually put the word "gap" in there...
The current snapshot is below.
Yup, it gapped.
So at this point I count this as an a-b-c retracement back to the 50 fib which of course is where I bought back in today. This is not to say that the wave cannot pull back further or longer but when the model goes up in 5 waves and then comes back in 3 waves, and when the pullback point just happens to be the 50 fib which is also the level of the prior 4th which itself was a HT, well, that's just a lot of coincidences piling up.
Bottom line is that I think the next stop for this is >= $3.80 and it should happen pretty rapidly because it will be a 3rd or a C.
Tuesday, January 12, 2016
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