Got it, thanks. However, I'm curious as to how you get the 960 target, and what is the scenario for it to occur this year?
If it breaks 1,320 then perhaps it goes flatline to around 1,250-1,290 range during mid-summer (near mid-point of 5 wave pattern which began last October), before closing out in the black for 2012.
Without some climactic event (war, lack of additional QE, hyperinflation, Euro/dollar collapse, etc), I'm not sure the market is poised break the prior two years of intrayear lows and to fall to 960. I'm not suggesting it won't retrace on the larger wave count eventually, just not by the end of this year.
Your thoughts, comments?
ScalperJoe - Thanks for nice commenting. About the 960 area target, it is just at a 0.382 fib ratio from 2009-03 lo to the recent hi. I would like to take back what I mentioned last time about the timing of the end of this year. I mentioned that because I wanted to load something for next year by the end of this year. The actual timing could be 2013-09 to see the big cycle low. When the time is there, and when the price is at a fib ratio (say, 0.5 at 1045), that will be an excellent opportunity to load.
Not a bull, not a bear, I am just a wolf ... 偶還是習慣稱行情漲為紅盤跌為慘綠
发表于 2012-4-11 23:01
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发表于 2012-4-12 00:03
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