Sears Holdings looks like a good short soon

A quick look at SHLD. Here's the 5 year view. Most Elliotticians feel the the market has gone through 5 waves down and is retracing into primary wave 2 right now (I personally think that the broader markets are in wave 5 right now, and it's retracing into an ending diagonal.) Note that the downward structure is clearly impulsive and that we don't have a 5th wave down yet.


Here's just the Wave 3 portion.


And here is a closeup on what has been a massive short squeeze. This correction looks like a 3-3-5 regular flat to me. Notice that the 5 waves up are almost complete. I've marked the target if wave C = Wave A, which is very common. I will be starting the short there and adding to it if it makes it to the 38% Fib.