Saturday, February 6, 2016

[SWHC] update

At the backlink I provided the model below.



The pullback started almost immediately after I posted that.  The model above assumes that the current wave will not extend.  If it does, the pullback could be much more limited per below but still very trade-able to the downside.

Note that in that post I had bought the $17 puts for 1.20.  I actually sold them after 5 waves down kissed the 38.2  for a nice short term gain and will be looking to get back into them next week now that it looks like wavc 2 or b is complete.



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