Sean, Anything notable to add to the Aug 17th, video update of UWR holding regarding ELP. Is that a…

Sean, Anything notable to add to the Aug 17th, video update of UWR holding regarding ELP. Is that a head and shoulders pattern finishing up from Jan 2016 to present? I don't recall you recommending averaging down on this one, or did you?

There was an inverse head and shoulders pattern that was a few months before 2016 through the first few months of 2016, which reversed a downward move into an upward move. Most likely, we're in a wave 2 pullback. But it's too early to be able to say for sure.

Also, since commodities and emerging markets tend to be doing better overall, that's another reason why ELP is likely turning around.

false