Down heavy in the PM after releasing their earnings report and showing a decline in sales....from my update over the weekend, we said that we would be surprised to see a good earnings, considering the downturn in building activity. So we called this very well and the chart has been brilliant here since we started charting this.
Moving nicely down Subwave 3 now, I want to see this below $280 next and that will confirm that this is going lower and we will be expecting the bear case and buy zone next.