Any questions?

Monday, November 5, 2012


We are not a fan of channeling but, in this case, the channel shown above could help us with this retracement.

$SPX: EW count and forecast. 3 alternatives for this downfall.

First alternative: As shown in the graph above.Possible target for minute wave 4 is 1,294.36

Second alternative : IF minute wave 3 is change by minor wave 3.Possible target for minor wave 4 is 1,372.67 ( this is the alternative we have been showing last weeks).

Third alternative: IF minute wave 5 is in place and so intermediate wave c is in place and so primary wave B is in place. Possible target for primary wave C is 600 or less.

$AMRN: EW count and forecast.

We are sharing an alternative EW count, with same result: rally as an wave c of 2,up. Possible target, in between 13.5 and 15.0