BABA: After a long and torturous correction, BABA broke out of
the long term trend line. It should be noted that the overall count is a very bullish 1-2,1-2 which is quite unlike the general market which is in finishing stages of a 5th wave. The reasons I cannot count the last 2 waves as a 3-4 are shown in the body of the chart. With Jack Ma's problem with the Chinese authorities in the rear mirror, I am cautiously optimistic about BABA.