KR EW 3/3 Short PlayOn the 4 year chart, KR, broke out of a bear flag last year in the spring on their ER. Since then it has came back to the same spot for a retest on their next ER in late Feb or early spring. This retest has hallmarks of a corrective wave ending in the 30's. Im leaning short because of the 5 wave pattern when it broke out of the bear flag last year. Until then, Im riding it up to 30 but planning on going out 1 or 2 years on the puts if we get a sell signal in the 30's. There's a good chance we could be embarking on wave 3/3.
