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Post# of 79856
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Imperial Whazoo

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Imperial Whazoo

Re: Hurricane_Rick post# 1032

Tuesday, 10/02/2012 4:25:45 PM

Tuesday, October 02, 2012 4:25:45 PM

Post# of 79856
It will either do a Gartley Butterfly, which means we see a leg down to the 786 pullback level (.298 m/l), or it is a symetrical C-D leg of a larger ABCD.

My guess is that it will be symetrical because Gartley's are rather rare, and if it is a symetrical C-D leg, it will go to approx .90 topside.

Basic Gartley diagrams out to .87, BTW. The 786 is about .298 in a Gartley and the 127 in it is .87, M/L.

So, IMHO, whether it does it via a symetrical ABCD or a Gartley Butterfly, I think its aiming at about .87 to .90 topside eventually.

We'll see.

Imperial Whazoo

"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."

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