Monday, January 6, 2014

BBRY: Classic Elliott wave chart needs little discussion

BBRY shares have been following this EW model like she was a 21 year old starlet.  Not much explanation needed here because it's all right there for you: Parallelism, alternation, rocket ship of a 3rd wave, ending diagonal of a 5th wave that is the same about the same size as the first.  This is EW fractal power about as good as it comes: self similar waves of different degrees.  I expect an a-b-c back to the prior 4th wave at least.  It's should be a trade-able dip.  Sell the peak and buy the dip, don't you know.
That's where it will get very interesting for BBRY shares.  That's when we will find out if a big 3rd wave is on deck like I think it probably is.  There were faaaar too many smart assed shorts in this stock for the bottom fishers to only receive 60% gains.  The shorts in BBRY will burn because the new management is serious.  Another sign of their right headed, serious as Hell resolve was the recent firing of do nothing, overpaid Illuminati sell out (singer of "sold my soul to the Devil") Alicia Keys who was hired by the previous management as an overpaid "creative director". BBRY is taking out the trash folks.  Do not listen to people who tell you it will BK.  I see turn around written all over this one.

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