FB is starting to develop on stock markets. Only 1 1/2 sessions and is giving its first steps in EW count and fibonacci retracements. Its to early to try to forecast some direction in the medium and long time period, but, maybe in the very short term it maybe seems to be due to go south.
Monday, May 21, 2012
Nice EOD with a hanging man reversal candle at the support, forecasted early, today. Tomorrow could be a uptrend day or the start of a uptrend.
Posted by About me at 3:18 PM
Posted by About me at 1:37 PM
Posted by About me at 11:50 AM
We continue thinking that AAPL will lead the "BIG and REAL" downfall of markets when a big correction on its price occurs. Meanwhile we, maybe, can have a little rally as a wave 5,up. This correction has been important but a bigger one can develop, when this wave 5 can be in place.
We think that, maybe, in AAPL case we have the pivot point in and wave b in place. (13:11 ET)
Breaking the fan line resistance and,maybe, confirming the uptrend. 15:20
Posted by About me at 9:25 AM
IF price continue respecting the third EW rule: " A wave 4 can't invade wave 1 territory", the 60 min MACD can give us,later, some confirmation for a change of mood in markets.
We think that, maybe, wave 5 is in play with price action at this hour : 13:11 ET
MACD breaking downtrend line. Good signal to the bull theory. 14:45 ET
Friday, May 18, 2012
Posted by About me at 9:12 AM