Monday, April 10, 2017

Whole Foods update [WFM]

Back in June of 2014 I posted for the first time on Whole Foods giving the model below.

Below is current actual which is on track for the low 20s as modeled above.  The bounce that was in progress when I posted in 2014 went a bit higher than expected but not far enough to break the model which is now looking suspiciously like a falling wedge.

They loved it at $66 but they will hate it at $16.  Fundamentals didn't see this coming because fundamentals never do.  But the Elliott wave model clearly saw it coming as it usually does.

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