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Wednesday, October 24, 2012

$AMRN: EW count and forecast.

In the medium term we are bullish with minute wave 2, up to 14/ 15 area but in the short term we are bearish, because 12.65 is the 50% fibonacci retracement and this will act as a toufh ressistance. Today we have call 2 times to turnpoints but we failed. Maybe, the third time we can nailed?

$SPX: EW count and forecast.

Today we call that, maybe, micro wave 3 was in place and micro wave 4 was in play, with a target of 1,425 or the micro wave 1 milestone. Price retrace short,today, and continue it's way down so, maybe micro wave 3 continue in play. We will watch carefully next moves of price.

$AMRN: EW count and forecast.

Remember, I have declare a new friend of bulls, because price can go to up 14 or 15 but, markets have rules and price has to go down first as a micro wave 2 of subminuette c,up.

$SPX: EW count and forecast. 1,425.33 milestone.

Maybe, micro wave 3 of subminuette wave c of minute wave 4,down is in place. IF this is right, micro wave 4 could be in play.

$AMRN: EW count and forecast. Relabeling subminuette wave a of minute wave 2,up.

We call the rest of this rally when price reach subminuette wave a milestone but price went further up, so we are relabeling subminuette wave a to where price stop early today.