rdsa feb 6 2015

We were anticipating a triangle with nice big swings up and down. No triangle but a lot of swings. Perhaps the first leg was complete after all even if the stock had not reached its ideal target. We are now assuming that the wild ups and downs (all the oil stocks have this , see HAL,SLB, COP, XOM etc.) are some form of “intermission” or B-wave. These are consolidation phases and the direction continues after that. That is down.