- In Trading Thoughts / Economics
- Last Updated: 16 November 2013
- By Gary Caumont
We hit my 2855 target on the Dec NQ's but missed my 3199 Compq target by 2 points (3197)- see the following 25day daily chart.
Wave 1 start at 3040 to the center of wave 4 at 3138.5 projects a 3237 wave 5 target. The vertical lines show the 11 day intervals carried forward from the 6/4/12 2727 low. Also shown are the day 6 highs after the start of each 11 day interval. A close (that sticks) above the last day 6 high of 3147 in the next 3 days (day 11) should assure us that we are in wave 5 up to 3237. A move below the 3080 wave 4 low cancels this target.