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Thursday, October 25, 2012

$AMRN: EOD EW count and forecast.


We have several alternatives today EOD. My principal count is of micro wave 3 of subminute c,on place. Early we post that the top from today could be a wave 1 of wave c or even wave c. This 2 alternatives are valid so, tomorrow we can have a bearish or a bullish setup. 11.92 could declare if waves 1 of c or wave c was in place or only micro wave 3 of c.

$SPX: EW count and forecast.


Micro wave 3 continues it way down. Final target of subminute wave c of minute 4 is 1,370.

$AMRN: Pitchfork study.


Three unsuccessful attempts to break the median of this wave move. Maybe wave 1 of c is on place or, even, wace c could be in place.