RDS.B update

rds.b  oct 16 2014

This stock is now down about 20%. As you recall we had a target of $62.50 (apex of triangle, see previous blogs). Using the “gap in the middle” tool from our witchcraft  toolbox, we find a target of $61, so now we have a cluster.

The wave count would be a 1-2, 1-2 finishing at $82.73, then another 1-2 of wave 3. If correct the bounce today is a wave 4 of 3. So we have a lot more to go before this is complete.