Wave Systems Corp. (fka WAVXQ)

[Ayock]

technically support is...

$3.47 on the "C = 1.618 A" ... $3.47 is also conveniently the bottom of a "3" down ($3.55 may be close enough). The next move from this # range is either the beginning of an impulse upward or a correction upward before more d/t's...existential question for now.

gl
A

The math on the above A = 1.618 of C comments looks like this:

A down
$5.24 to $4.20 $1.04 distance traveled

B up
$4.20 to $5.15 $0.95 distance traveled

C down...where C=1.618 x A distance (1.618 x $1.04 = $1.68)
$5.15 - $1.68 = $3.47

If we break down below $3.47, the 5 waves down is in play. WAVX needs to get back thru the dtl (currentl $4.24ish and moving down) to signal an upside reversal in play.