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trader53

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Re: None

Friday, 05/14/2010 3:50:12 AM

Friday, May 14, 2010 3:50:12 AM

Post# of 64361
How Calculating Wave 3 is done,

http://www.optionsoutlet.com/trading_technicals/images/improv31.gif

Wave 3 =1.618 X wave 1, and then added to Wave 2 Low

Wave 3 =( 1.618 X .42c ) = 0.679c,

Wave 3 =( 0.679c + .10c ) = 0.779c Target for Wave 3



Wave 1 = .42c (Feb.18th High)
Wave 2 bottom = .10c (Mar.22nd Low)

http://stockcharts.com/h-sc/ui?s=CCTC&p=W&yr=0&mn=6&dy=0&id=p25806527931

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