BLK update

blk aug 24 2015

When all is said and done we expect this stock to trade at $100 ( of triangle) or lower, see previous blog. We think, that just like with the Shanghai index, we are in a 4th wave of 3, the rebound from today’ lows. However, as there are at least 3 1-2’s at the start we will need a similar number at the bottom and that would only complete wave A of a large a-b-. Ergo do not buy this dip!!!!