MCD update 12/11

MCD: Is following the script laid out in June (see here) exactly as planned. Hence, IMHO now is not the time to become complacent. Red intermediate-iii is likely close to completion, but should ideally tag on another $10ish before intermediate-iv takes hold and brings price back down to around $150 before the next wave-v rallies price to new ATHs to complete Blue Primary III at ideally around $210-220s. The next move is then a multi-year decline for Primary IV to ideally $130-$140. But, that’s so far out we for now should focus on intermediate-iii, iv and v. Note that v will be the weakest wave and not the money making wave… Upside reward is diminishing the higher price goes, while at the same time the downside risk is increasing. 

MCD should be close to completing intermediate-iii of major-5 of Primary III