On sunday, august 26, we posted our forecast for next days. We think, target is nearly on place. Of course, as a wave 2, the retracement could be even greater, but we are suggesting that Pitchforks(with fibonacci) could play as resistance.
Sunday, August 26, 2012
On our "big picture" EW count, we are forecasting this stock is on a cycle/primary? wave 2,down to 5 or less. On the medium term count, we are calling that, this stock is on a primary/intermediate? wave c and on the short term ( december 2011-today), this stock is on a intermediate/minor? wave 5,down and on a smaller term, this stock could be on the minor/minute? wave 2, up with a target of 14 or so. After this wave 2 could be in place, we are calling for a downfall to 5 or so.
Disclosure, we are playing with options (call and puts ), in a,very small amount of our account, because we like this roller coaster.