BBBY, had all the ingredients for a larger move up, but it wasn’t meant to be. My appologies for misinterpreting the charts. But, nobody is perfect and every now and then we don’t get it right, which was clearly the case. here. I hope none lost money? I am glad I exited prior to the self off. I don’t know why I sold it, just did. Anyway, here’s the chart. Major 5 looks like an ED. So stick a fork in this one IMHO. Moving on!
Note: this is a great example that all we do is trying to interpret the price action to the best of our ability, which means we are always starting off from the premises that we are wrong. Only the market is right, and will proof us so. Never become complacent, never trust any count, any TI or TA. PRICE is the final arbiter, nothing else!!!!