Ross stores shares (ticker:ROST) popped 10.67 last Friday and Zach's was out in force explaining it to us in this article. Of course I don't listen to any of this because more reliable answers are found in my Elliott wave models. The real reason this popped is because after 5 waves down the herd will recover/retrace/correct upward in three waves.
So here's a little test. Zach's told us why they think something happened after it happened.
I'm telling you what will likely happen before it happens. And If my model is right then I guess Zach's news really didn't matter because it should not rally one day and then collapse to a lower low over the next month. But that is what I think will happen before it happens.
Let's see who is right about this.
Sunday, August 20, 2017
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