Any questions?

Saturday, July 21, 2012

$AAPL: Short term and long run forecast.

Triying to use pitchfork with fibonacci format. We are confident of it´s utility to check out momemtum and, IF we are right, price need a pullback  before down falling.

$SPY: EW count and forecast. 1 hour chart. Due for last push up?

This is an alternative count that, for coincidence, could be a,short time, bullish setup with $AAPL earnings. Target for wave 2: 138.53. This count is using fibonacci extensions.Fibonacci rules the mass psychological mood. This is for my record.
The principal count, looking only the TA price indicators, should be that wave 2 is in place.