Wednesday, September 23, 2015

[SBGL] update

Little has changed from the model in the backlink.  It likely means one more little face slap to JNUG holders who didn't stop out per plan today.   Note that wave 5 of C will equal the length of 1 of C at my target price of $4.60.  This also happens to be the 70.7 which is a fine place for a deep vee 2nd wave to pull back to.

Alternatively, a break of the upper blue rail tomorrow and a higher high than blue 4 will enter in the the range of blue 1 and that would confirm that the retracement is complete.   It should clearly be done this week.  Just be patient and let it come to you.


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