guest commentary

$Compq- first 3259 then 3384 targets

We tagged 3077 exactly on 1/8/13 thus confirming 3118 as my subwave 3 top (see 1/4/13 article)- see the following 43day daily chart.

SW1 start at 2936 to the center of SW4 at 3097.5 projects a 3259 SW5 target. Wave 1 start at 2811 to the center of wave 4 at 3097.5 projects a 3384 wave 5 target. SW5 and wave 5 up share the same SW3, wave 3 top (3118) and SW4, wave 4 bottom (3077) and both SW5, wave 5 targets are canceled if we go below 3077. I have a 3330 intermediate term wave 5 target from the 1266 3/9/09 low so I would not be surprised to eventually see 3384 but first we need to get past the 9/21/12 3197 top.

$Gold and APPL have been weak but so far still have their 1900 and 573 wave 5 targets.