RY, Royal Bank

RY 2012

The first 4th wave of previous degree is at $50, the next one at $52 and equality between the two corrective legs in this bounce  occurs at a little under $54. We are out already preferring to watch this exuberance from the sidelines, but would definitely get out at $54 if we were not already. One can only wonder who the sellers were at $44 and wonder even more knowing that they may well be the same persons that are now buying.