JJC appears to have just completed a Elliott wave series of "Ones" and "Twos" and is probably now in a powerful third wave down. MACD has decisively turned down and is still above the zero line. Near term high probability of lower prices. Minimum downside target is 22.00 bottom made last January. It may reach this target in about 6 or 7 weeks.
Mark
Comments
The_Unwind
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Mark,
Excellent analysis, as you foresaw the move to lower prices here, and a now a continuation of the move down.
Excellent analysis, as you foresaw the move to lower prices here, and a now a continuation of the move down.
Can a drop in the stock market be far behind ?
Joe