resurrector007

resurrector007

FB Escape Velocity

resurrector007

Using purely Elliott wave counts, an observation is that we could be in the final leg up for facebook before a major pull back. This move up could be a truncated move, double top @ 86ish, 88, 92-96 i'd watch carefully beyond this point as it is the last leg if i'm looking at it correctly. Anything could happen with this leg up to complete the diagonal pattern. I'm...

resurrector007

The charts seem to show that there wont be any really major re-tracement in EUR until 1.22 levels because of a multiyear wedge formation. In the interim tho, we could have a potential re-tracement because of a multi year support/resistance line that could push the EUR up to 1.29 levels before resuming it way down to the target of 1.22 where there is a high...

resurrector007

The charts seem to show that there wont be any really major re-tracement in EUR until 1.22 levels because of a multiyear wedge formation. In the interim tho, we could have a potential re-tracement because of a multi year support/resistance line that could push the EUR up to 1.29 levels before resuming it way down to the target of 1.22 where there is a high...

resurrector007

Facebook seems to have a very bullish bunch of investors as the stock seems to want to target $100 / share before the end of the year. I'm neutral on the stock and would rather see a good correction and see the true performance on earnings before seeing this stock hit 79+. If the October earnings is good then we'd have a better gauge/reason for a strong rally...

resurrector007

Facebook seems to have a very bullish bunch of investors as the stock seems to want to target $100 share before the end of the year. I'm neutral on the stock and would rather see a good correction and see the true performance on earning before seeing this stock hit 79+. If the October earnings is good then we'd have a better gauge/reason for a strong rally and...

resurrector007

The dollar seems to be in a Bear market B wave, contracting triangle. Due to the duration of the correction it is likely a B vs the 4th wave of the 5th and confirms a bear market triangle. Now given that we may be on the verge of a break down in the C wave and could have a pottential throwover before a sharp move lower.

resurrector007

A traders view of Facebook. Note: The current wave has a very impulsive structure irrespective of the 5 wave down from wave 5 to form A. The only reason to be sure it is a wave B up is because of the symetical triangle formation in the B wave. I had lost enough shorting this stock and wave B is a sucker by its unanticipatable projection. If your long, stay long...