InvestorsHub Logo
icon url

sharpei

04/08/15 12:01 PM

#846 RE: rdragon #845

rdragon: This early (and subject to change) target would beabout .57. Anytime you see a Wave 5 spike(or a W1 or W3) expect a pullback. Using multiples with Fib numbers can get you close IF you select the correct Fib#. .57 / 1.50 = .38; 1.40 / 1.5= .56.

If you are able to eyeball charts ( I will go back 2, 5, 10 years and daily, weekly, monthly charts) some investors are able to see likely pivot points.)

.382 and .5 are used in Fibonacci calculations. Let me know if you have questions.

Not intended as an inducement to buy or sell and no warranty as to accuracy.