VRX update

vrx 18 nov 2015

We are still ultimately looking for a low in the $50 range but at this moment in time we would rather be long than short. For one thing, this whole drop could have been a double zig-zag a-b-c X a-b-c. If not there are clearly 7 waves down  so far and that cannot be a 5-wave affair.  Whatever the case given the waning momentum, the RSI and MACD and also the now widespread recognition that there is something wrong with this stock it is time to go long with a tight stop.