LULU in black and white

Then, a few months ago, Jan. 12, and now charts;

lulu jan 12 2017 bLULU mar 30 2017

Today this stock dropped about 15% to about $50,50. These are American dollars as this Canadian company only trades in the US.

EW patterns were perfectly clear and whether or not the lack of colours had anything to do with it is neither here nor there. The important take from this, if you did not yet heed this blog’s advice, is that this stock has a lot further to go! There may be a bounce tomorrow (in a wave 4 of 3) but a good target would be about $20.

Notice, by the way, that double tops are often a good place to step aside.