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Saturday
May 25th
$Compq- 3237 target PDF Print E-mail
Written by Gary Caumont   
Wednesday, 03 October 2012 08:30

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.

Last Updated on Wednesday, 03 October 2012 08:35