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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.

$AAPL: EW count and forecast. Minute wave b in place.Now wave c,down, in play. Max target: 615.32


This is a bigger view of our minor wave 4 count, as posted some days ago. Yesterday, we post thinking minute wave b was in play but that wasn't correct. We are relabeling our count but a max target for minor 4 is 615.32, because third EW rule.