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Monday, October 8, 2012

$AMRN: Updating our EW count and forecast from yesterday. so far so good.



The 23.6% retracement line is acting as support, as forecasted yesterday. IF this support is broke it can retrace further down to 11.14 if our count is correct.

Sunday, October 7, 2012

$AMRN: 2 alternative EW count and forecast for next week.



We think subminuette wave b (down) is in play and after should come subminuette wave c ( up) so, the retrace is complete and in place. The odds favor the minuette wave 2 could be in play. The alternative is the minuette wave 4.

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