Monday, October 12, 2015

[RUSL] update

Model from the backlink is below.  It suggested a near term pullback that can easily turn into a lower low.



Actual is below.  Red path is primary but only by a slim margin.  If taking the red, it could still go down and hit the 38.2 and even fill the gap just below the 38.2 and still be considered 2 of 3.  But anything above the red horizontal just below $18 moves the odds up to perhaps 80:20 in favor of the wave being 3 of 3.  And a break high than $19 cinches it.

I'm hoping that Avi's model plays out and that RUSL and JNUG both hit one final lower low.  The main reason for this is the clarity that it would bring to the wave count for the longer term.

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