In my first ever post on Nordstrom's I provided a model which, as luck would have it, turned out to be scarily accurate in its peaking call. The model provided for a peak within the circle before breaking sharply lower.
That, as you can see from the subsequent update, is exactly what happened. But as if that were not enough, I then further added to the model to indicate a serious bottom in the $40 range before seeing a major move back up into the low to mid $50s.
Below is current actual from today. The chart undershot my price target momentarily but is now trading exactly where I expected it to.
So what's likely coming next? Do you think you know? If so, why not be bold like I have been and put something in the comments, even as an anonymous poster?
More importantly, do you think I probably have a pretty darned good idea? Well in fact, I do. But if you want to see it you will have to pay for it because something for nothing is a dying concept in our society. You can either subscribe to see this and other charts, including some coming 5-10 bagger likely moves or you can just order one custom chart by clicking the Custom Chart link above.
Or you can go it alone.
Always your choice!
Sunday, October 16, 2016
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