Monday, March 7, 2016

[ARP] update

Backlink.  ARP's breakout today was significant not just because of the 72% nature of it but also because it destroyed the 4th wave HT formation that I think the market was expecting to play out in one more wave down.  We still do not have 5 waves up but given my broader view of things I think we should expect that 5 up is likely to happen.

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