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Tuesday, April 24, 2012

$BAC: EW count and forecast.

Yesterday we post our EW count and forecast of BAC. Today has worked as expected but, we are naming as alternative count and, now, our principal count is more bullish, because is considering that, wave c (blue) is in place and so wave b (brown) is in place and now is wave c (brown) in play. The target of these wave can go, inclusive, up to 12. This afternoon we feel more bullish.

Monday, April 23, 2012

BAC: EW count and forecast.

Red wave 4 in place?

16:00 ET

Wave a and b are in place and, maybe, tomorrow a little rally to 8.56 to get wave c and wave 4 (green) in place.

$SPX: EW count and forecast relabel.

Reallity has told us that our last count was wrong. Above is an alternative count with an upper target at 1,392.80 for wave 2. It could be another alternative, more bullish, if this fails.

$SPX: EW count and forecast. 1,370 target reached.

If our count is right, price should continue to next stop at 1,330 and last stop at 1,290.

This count was wrong. New relabel count in another post.