BB update

bb  aug 1 2013

When you practise EW it is best not to think, for some that is not a problem, for others like myself , that is the hardest part. Here it is, a very clear completed a – b – correction with the b as a triangle (somewhere). It drops back to the area of the 4th wave of previous degree, erases about 2/3 of the initial rise in wave 1. All exactly what a 2d wave is supposed to do! So maybe that is what it is: then there are only two possibilities. Wave 3 is next, or, a wave of a much larger A-B-C counter trend correction is coming.  In both cases the stock should one day trade close to about $21. Just do it, don’t think about it. Using a stop at $8 will make it easier to swallow.