Presume for a moment that this wave C of 2 and that the top of
wave 3 of C was at 1112.42. now presume further that this decline
is wave 4. From the 1112.42 top to the 1092.18 low today was all of
wave A of 4..... a B wave would be expected to head for
50-78.6% which in this case is 1102.30-1108.09.
This target range fits nicely with my previous target
range of 1100-1105.20. I'll leave it to you all to study the
various 13, 34 emas, other moving averages, BBs and trend
lines and resistances.
Then wave C of 4 could drop to complete at say 1085ish which is
around 50% of wave 3 or 1079ish which is 61.8%. (of course it
should be noted that today we hit the 38.2% area.)
If we then get a Wave C down into Friday or Monday, that
would coincide with McHugh's Phi turn and the Bradley turn
date.
A final wave 5 up to between 1112.42-1150.45 could finish wave 2
off. Then wave 3 down might begin.
Don't agree? No problem; it is a guess and free after all,
:).
Agree :). Thanks for working out the technical details. To
venture my guess, I'd say the obvious that wave 5 will exceed
1150.45 by a small margin, perhaps up to 1170-1180. I am taking
CSIQ as a model here, with two tops at 32.50 and 33.61.
Now the most profitable task is to guess how far down the
current drop is going to...
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very short term
very short term guesses into tomorrow
Posted by perthx on 23rd of Feb 2010 at 04:56 pm
Presume for a moment that this wave C of 2 and that the top of wave 3 of C was at 1112.42. now presume further that this decline is wave 4. From the 1112.42 top to the 1092.18 low today was all of wave A of 4..... a B wave would be expected to head for 50-78.6% which in this case is 1102.30-1108.09.
This target range fits nicely with my previous target range of 1100-1105.20. I'll leave it to you all to study the various 13, 34 emas, other moving averages, BBs and trend lines and resistances.
Then wave C of 4 could drop to complete at say 1085ish which is around 50% of wave 3 or 1079ish which is 61.8%. (of course it should be noted that today we hit the 38.2% area.)
If we then get a Wave C down into Friday or Monday, that would coincide with McHugh's Phi turn and the Bradley turn date.
A final wave 5 up to between 1112.42-1150.45 could finish wave 2 off. Then wave 3 down might begin.
Don't agree? No problem; it is a guess and free after all, :).
Title: agreed Agree :). Thanks for
Posted by junkie on 23rd of Feb 2010 at 05:25 pm
Agree :). Thanks for working out the technical details. To venture my guess, I'd say the obvious that wave 5 will exceed 1150.45 by a small margin, perhaps up to 1170-1180. I am taking CSIQ as a model here, with two tops at 32.50 and 33.61.
Now the most profitable task is to guess how far down the current drop is going to...