Wednesday, March 16, 2016

[SDRL] update

The backlink model busted:

However, I still count that big spike up to $7.50 as motive and so at the least we should see a higher high according to this model.  So I still count the current wave as part of C of 2.  The recent low could be green 5 or 1 of green 5.  If we get a new high today then I count that as the first little motive wave of the reversal so the trade here is simple: buy the first dip and stop out @$3.40.

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