Wednesday, May 13, 2015

[CJES] getting interesting

In the backlink and those before it I correctly modeled the impending top on CJES before it happened and then also modeled the decline before it happened.  However, recent action makes me wonder if it will soon reverse back upwards instead of continuing downward as modeled.  The action is starting to chop into what could easily turn into a WC, perhaps wc4 as shown.

I don't know how it is going to play out but a break above the top rail of that falling wedge should be triggering shorts to cover.  That green circle is an important battlefront for commodities IMO.


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