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Thursday, September 19, 2013

Is Two Posts to much???
I really like this one.the wave ab retrace was @.586=$7.91, .08 under price. .50 was.. $8.19. So it's .586 that's a good retrace number for 'b'.

So what's wave one going to be....No one really knows,but the Fibonacci projections from 1.618 to 2.618 are
$10.94-12.76.

The wave' a' timing was 16 weeks,so we square 16 and get 4,then add 2 for each ring (on the square spiral) and the first is 36 weeks.

It's like Tom Bulkowski says" sometimes you just got to buy and hold your nose."   The Head & shoulders looking bottom gives us confidence in the trade.

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