This chart is the update to the last one describing the triangle identified (yellow) 2 days ago.
Today the market reversed up strongly, yet BA (Boeing) dropped!
Now that we see the breakdown of the triangle, we can begin to short, buy puts, look to the downside.
Please note the comments inside the chart showing the timing of events and the related stock prices.
Soon everybody is gonna "dogpile" on this stock and run it into the ground.
If the Old Fart is correct, I think we'll see a Bat Pattern develop with at least a 88.6% retracement (as shown in blue)
Boy! that's still a long way down still to go!
What do you think?
Old Fart
Today the market reversed up strongly, yet BA (Boeing) dropped!
Now that we see the breakdown of the triangle, we can begin to short, buy puts, look to the downside.
Please note the comments inside the chart showing the timing of events and the related stock prices.
Soon everybody is gonna "dogpile" on this stock and run it into the ground.
If the Old Fart is correct, I think we'll see a Bat Pattern develop with at least a 88.6% retracement (as shown in blue)
Boy! that's still a long way down still to go!
What do you think?
Old Fart