According to the E.w. Theory we can see that IBM, in a long term view, is now on the completition of the 4th wave. In order to do so it has to do one more leg down withe the start of it between 160/170 price range and the end between 100/80 price range. Obviously the end of this move coincide with the start of the 5th macro wave. For make a summary of the...
As we can see, according to the E.waves theory, the Index is now finishing to complete the second wave of the third wave of the macro waves structure. For this reason i'm waiting for a buy opportunity when, in the lower time frame, i will see the right pattern/structure/wave formation that confirm this movement. I'm going to look for this type of entry until the...