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Friday, October 26, 2012

$AMRN: EW count and forecast. EOD.


Technically, with a 61.8% retracement at 12.02 you can have a wave 2 retracement but this retrace could go,even, down to micro wave 4 milestone at 11.92. What is important is, IF we are right, that a good rally could come next as a sub micro wave 3 of micro wave 5. Cheers, again, for my new bull friends.

$AMRN: EW count and forecast.


OK, micro wave 4 is in place but at 12.17 we have a double top so there could be wave 1 of micro wave 5?

$SPX: EW count and forecast. Again 1,425 will tell us very much.


$AMRN: EW count and forecast.


This is a possible count for this micro wave 4 that can't surpass 11.92.  12.13 could respect the third EW rule and throw price down and again 11.92 will have to work.

$AMRN: EW count and forecast.


Yesterday we call for bullish and bearish alternatives. Micro wave 4 in place,today, is our principal alternative. 11.92 will tell us which one is the one.