JI
jimkane
Rep: 3,058
Posts: 33,089
You can skim this one to just get the gist of it.
http://www.zerohedge.com/news/2015-10-13/coming-soon-checkout-lane-near-you-stock-giftcards
http://www.zerohedge.com/news/2015-10-13/coming-soon-checkout-lane-near-you-stock-giftcards
RA
rat89
Rep: 0
Posts: 7,015
35.24 - 56.44 = .618 at 43.34
41.92 - 56.44 = .886 at 43.58
If that was the turn, AND if I have the counts right, a measured move, where PC=PA takes it to around 63
41.92 - 56.44 = .886 at 43.58
If that was the turn, AND if I have the counts right, a measured move, where PC=PA takes it to around 63
Click image for original size
JI
jimkane
Rep: 3,058
Posts: 33,089
Yeah, if that all unfolded it would be truly magnificent. And if it was a bearish 'W3' and not a CD leg, well, that would be incredible. I don't think it will come to pass, but I hope it does.
Originally posted by rat89
35.24 - 56.44 = .618 at 43.34
41.92 - 56.44 = .886 at 43.58
If that was the turn, AND if I have the counts right, a measured move, where PC=PA takes it to around 63
Click image for original size
JI
jimkane
Rep: 3,058
Posts: 33,089
It does look ready to break down here, and the timing factor might be right. But I'm still thinking sweep, and then up. I can't accept that the bear I want so badly, and gives all indications that it is here, is here...
RA
rat89
Rep: 0
Posts: 7,015
to me it looks like PB ended today, providing the setup for C of PA, PB, PC. More typical would be PC = PAx1.62. I am thinking conservatively
Originally posted by jimkane
Yeah, if that all unfolded it would be truly magnificent. And if it was a bearish 'W3' and not a CD leg, well, that would be incredible. I don't think it will come to pass, but I hope it does.
Originally posted by rat89
35.24 - 56.44 = .618 at 43.34
41.92 - 56.44 = .886 at 43.58
If that was the turn, AND if I have the counts right, a measured move, where PC=PA takes it to around 63
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, it's all swept out now. Let's see what they do. I'd think a bigger, deeper sweep could be good, if it is to rise from here, but they got it all, so that might be enough. If they don't rise it up and over, then likely it will be toast, as shown on rat's chart.
JI
jimkane
Rep: 3,058
Posts: 33,089
Yes, the PC = PA*1.618 is the bearish 'W3' I mentioned. That's the minimum I want (and then I can start talking about W4&5, and how all that was just W1 of a bigger move, and so on ).
Originally posted by rat89
to me it looks like PB ended today, providing the setup for C of PA, PB, PC. More typical would be PC = PAx1.62. I am thinking conservatively
Originally posted by jimkane
Yeah, if that all unfolded it would be truly magnificent. And if it was a bearish 'W3' and not a CD leg, well, that would be incredible. I don't think it will come to pass, but I hope it does.
Originally posted by rat89
35.24 - 56.44 = .618 at 43.34
41.92 - 56.44 = .886 at 43.58
If that was the turn, AND if I have the counts right, a measured move, where PC=PA takes it to around 63
JI
jimkane
Rep: 3,058
Posts: 33,089
I have to admit, it has all the look like the top is in there, and it's going to crater. My gut says 'no', and the fact that it looks so perfect has me thinking it's a trap. I just can't see it. I want to, but I can't. I'm guessing this one will have to wait for something to develop for me to be interested (outside of the very short-term plays that are all quite obvious in here), at the risk of missing a big swooooooosh.
