The boys down in Gainesville know plenty more about Elliott Wave than I do, so I’m going to respect their interpretation that we are in the throes of Wave 3, and within that, we are at or near the completion of wave ii of the lower degree. All of which is to say that wave (iii) of 3, which is the monster of them all, is coming up Real Soon Now ™.
Having said that, here are all of the bearish positions, both short sales as well as long put positions, that survived the pop higher in the week that just ended.
