Friday, October 16, 2015

[YGE] update

At the backlink I was pointing to resistance with the thinking that it would break through during wave 3 up and then backtest it from above before moving at least one wave higher. 






The current snapshot supports this model:




The recent bottom was a very important one but at this time I can still count how that could have just been the bottom of 3 of 5 on the log scale.  For now, I count it as the bottom and if that is the case we should soon be seeing other commodity plays making big moves up.  YGE will move in close step with other commodities in the energy sector.

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