VRX update

The usual, Nov. 18 and now.

vrx 18 nov 2015vrx dec 3 2015

We are getting close to the line. If drawn properly it runs slightly above $140. I would expect higher levels as in the 50 day moving average or a wave 4 of previous degree, both at about $160 or, perhaps even $185 or so where the retracement is about 38% of the drop. However I would not wait that long and would sell any time over $140 preferring to rather be safe than sorry. A 40+ % gain, at this time and in two weeks, is certainly worth writing home about in any case.