$BABA

10/16/2015

update to BABA – note the butterfly BUY that hit.  we’ve rallied nicely and when we roll 3 waves into a new low, that’s a B wave and the move from 56 to 74 sure smells like a C wave.  So, might want to take some off or close OR perhaps look for an SRC to short into the 52 zone.

 

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Folks, what a battering for $BABA.  The entire world that bought the largest IPO in history has been underwater since basically February 2015. Perhaps, only probability here, their fortunes are about to change (pardon) the pun …

You can see below we have some nice MATH = MUSIC= VIBRATIONS coming into play 50-52.

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Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets.

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