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TA Today

Wednesday
May 22nd
Dec NQ's- revised 2855 ultra short term target PDF Print E-mail
Written by Gary Caumont   
Friday, 14 September 2012 05:42

We went below 2791 and canceled my 2845 target- see the following 9day 30min chart.

Wave 1 start at 2743 to the center of wave 4 at 2799 projects a 2855 wave 5 target.

An analogous target for $Compq is 3199.

$Gold has an 1805 short term wave 3 target up from its 1513 12/29/11 low. An ultra short 5 wave move up from 1643 projects an 1814 wave 5 target which implies some overshoot.

edit: 5 target 2845 on chart is incorrect: should be 2855.

Last Updated on Friday, 14 September 2012 05:50