InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,949.17
(
-0.60%
)
US TECH 100
20,270.40
(
-1.07%
)
Dow Jones
43,750.86
(
-0.47%
)
Brent Oil
71.93
(
-0.39%
)
Bitcoin
88,208.49
(
1.00%
)
Post# of 51875
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

techcharter

Send PM Follow Ignore
Followers 24
Posts 2281
Boards Moderated 0
Alias Born 06/03/2004

techcharter

Re: optionking post# 14073

Thursday, 09/15/2005 7:32:50 PM

Thursday, September 15, 2005 7:32:50 PM

Post# of 51875
OptionKing: GOOG Target

I'm really looking for a structure more than a price when using elliott wave theory. Fibonacci ratios often accompany elliott waves in time and price. Using fibonacci ratios I get an initial target around $315. The rally could just make new highs and then reverse. Another possibility is a parabolic trajectory for wave 5. Last week's rally was kind of sharp for a wave 3 and gives the larger wave 5 aparabolic look. No upside target is available because wave 5 can extend unbounded.

Don't Buy!
Sell at $315, or when the price drops below $290.
Hold while the price is between $290 and $315.
Don't $hort ju$t yet.
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up