| $Compq- 2289 target |
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| Written by Gary Caumont | |||
| Wednesday, 14 July 2010 08:38 | |||
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$Compq should finish a 2nd ultra short term 5 wave move up with a target of 2289. See the following 20day 30min chart. As long as we stay above the 2213 wave 4 low, wave 1 start at 2150 to the center of wave 4 at 2219.5 projects a 2289 wave 5 target. The tilted line shows the lower trendline of the channel I wrote about on 6/7/10 with the horizontal line showing where we broke down out of said channel at about 2285. I'd expect some sort of reaction in this area from the bears.
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| Last Updated on Wednesday, 14 July 2010 08:41 |