Chart
1 is the weekly chart of AORD since 2011. The probable counts as per my
analysis are as shown on the chart. As per this, it seems the rally
that started in Aug 2011 may have just completed or may be near
completion. If this is correct than AORD may be close to starting a
correction. The extent of the correction will depend on where these five
waves from August 2011 fit in the larger picture and will become
clearer as the waves progress.
25+march+2015.png)
chart 1
Also the monthly chart below shows that the prices may be touching a long term trend line.
25+march+2015.png)
chart 2
Conclusion
Looks like AORD is making an important top at these levels. Need to be very careful with long positions.
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