Friday, March 20, 2009

The ABC Correction

Because tony is looking at WFC And I was talking about when you look at a correction you look for an ABC form. So Leg A and C tend to be the same length. I also throw a little Fib. on it and I get a lower target 14.34 A leg and B leg the same Length.BUT... When I look for the same form out of the C leg.... I get more of a 15.00 target breaking the C leg into it's own ABC correction form....
at

2 comments:

  1. TonyMarch 20, 2009 at 1:58 PM

    Could it be T.Lo top-ticked the market?

    http://tinyurl.com/c5v69r

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  2. EricMarch 20, 2009 at 2:21 PM

    Volumes suggest this is probably a correction.
    She knew there was some kind of "top" there. Also... This will also have an ABC correction form Probably.

    so this is wave B...

    Where is it going? Not sure..

    and we could bounce a little on monday tuesday wed.. then push down again.

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