The following chart and text is from October 28, 2011, almost exactly a year ago;
A year has passed and again, here is where we are;
We are right in the predicted range and are therefore sellers. 60% for a year is nothing to sneeze at, particularly not since this trade was not based on any EW insights. $27 is where the upper trend line runs and it may still get there, but we prefer getting out now.
From an EW perspective a case could be made that the latest run up from $16 to $26/27 is in fact an e wave in a large triangle, otherwise it might be a 4th wave in the leg down from $36. Nothing is terrible convincing.