AEO, American Eagle Outfitters update

aeo aug 21 2013

AEO continues to perform according to our expectations. It was briefly down $9 on $23 or roughly 40%. No idea what the count is other than it is definitely not complete. This is probable a 3d wave. Ultimately we should get to $12 but RSI and MACD indicate  a possibility of a brief turn soon. If nervous buy it back otherwise stay with it, perhaps with a stop buy order for protection.