Looking at the longer-term direction and wave locations of the major markets. Where could we go here? Crude to $125 or $35? NASDAQ 10k or 2k? We’re working new positions in INTC with a few more to add on, but let’s keep that big picture macro theme in the front of our minds.
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Hello I would like to know what is you attitude about green wave II in nasdaq. Are you assuming wave two is a expanding flat? If yes are you ok with fact that circled yellow wave B is more then a 200% of wave A? I would like to understand how do you count wave and if there are more differenices in your wave counts besides this one. Thank you Dave
Hi Dave,
Thanks for the question. Are you referring to the move from July ’06- Oct ’07? If so, I agree the 200% price extension is extreme and one might prefer to label that to as motive, but considering the 3rd wave is shorter than 1 and 5, I think that overrides the extended price and suggests it’s a B-wave.
Thoughts?
Todd.