STN, Stantec alert

stn mar 9 2016

We got most of this C wave spot on. However we were expecting a more sizeable drop in the immediate future. This may, repeat may, be incorrect. The simple reason is that the above C wave is starting to look awful lot like a contracting diagonal. These are ending patterns and warn of a fairly fast reversal ahead.  This could after all still be a 4th wave that could be followed by a new high. Step aside untill the future has become the past and we can more accurately predict it.