The October 19th backlink model for my Lennar model is below.
As
you can see from current actual below, a bottom was struck at the exact
location predicted and a 15% rally ensued. We knew pretty early after
take off that it was going to be muted because it formed a rising
wedge. So instead of bouncing to the level of the prior 4th as
expected, this looks to have put in a flat correction. I need a couple
more days of data to be sure but it looks down from here. If you want a
detailed model then you can find it on the paid blog along with many
other stocks that I keep running models of.
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