SBUX: did Primary V peak AH @ $83!? Or was it only intermediate i?

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SBUX reported good results last Thursday AH, spiked to $83 and then drifted lower, only to open red on Friday… $83 was a new ATH and may therefore have been primary V… The alternative is that we’ve only seen intermediate i of Major 5 of Primary V and that price is now in intermediate ii… A trade below the major 4 low of $77.12 will take that alt. count off the table. What’s against SBUX are the technicals. Everything looks weak and bleak on the daily and weekly time frames…

SBUX update 07312014 SBUX update 07312014b


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