Thursday, December 13, 2018

[LEN] update

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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