wolfah

wolfah

Scenario 1: AMD finished "Micro"-wave c (Impuls) of an "Subminuette"-wave 4. NO BREAK of Mediumterm support (magenta) at $ 14.16 (0.382). Scenario 2: BREAK of magenta Support line! Next support will be at $ 13.80 (0.618) and a re-count of the preceeding days would be neccessary!

wolfah

DJI "Minor"-wave 4 still under construction! Probably "Minute"-wave wxy-pattern correction with first wave "X" as a ZigZag and leg "Y" often ending as a triangle (Triangles alone precede the final movement of a larger trend. Triangles occur only as the final wave in a double or triple three. Counting 3-3-3-3-3, ABCDE). Suppose we are still in first impuls wave of...

wolfah

INTC, probably in "Minuette" - wave 3, "Subminuette" 4b. Today will show, if INTC is still within 4 or even in 5, because of the relatively strong breakout, shortly before closing.

wolfah

AMD -3.28% -3.28% new possible counting ( dificult, esp. last leg could also be a wave 2a). Line-study alone, justifies to be bullish after yesterday's sell off. Today will show, where AMD realy wants to go! - Breakout st-wedge?

wolfah

NDX finished "Minuette" - wave 2 at 0.382 (5400 area). Today, test of the resistance-line (blue dotted). (Scale 15', EMA 50)

wolfah

SPX finished "Minuette"- wave 2. Today, probable retest of resistance line (magenta).

wolfah

"Minuette" - wave 2 finished, probable retest of 20750 resistance (magenta)

wolfah Updated 

Heavyweight 3M breakout, heading north. Target "Minor" -wave 3 =$ 255.

wolfah

DAX performing very well. The ATH of yesterday's session indicates the direction, the market wants to go. DAX is in a "Minute" - wave 3, "Minuette" - wave 5. Pullback of the afternoon session has been of some lower degree. Wave 3 normally extends 1.618 of wave 1 = 12900 area.

wolfah

MU is in a "Subminuette"-wave 4 of a "Minuette" - wave 5. Further resistance will be at $ 36.34 (Top of "Intermediate" - wave 1). This area could also be the top of the "Minor" - 1.

wolfah

Ooops!

wolfah Updated 

DAX is in a "Minuette" - wave 5 of a "Minute" - wave 3. Target for "Minute" - wave 3 =12685 (Minimum). Depends on the opening of US-market, if the gap will be completely closed today. Wolf

wolfah Updated 

Micron Tech, (MU) on a weekly chart. If my counting is correct, MU is in a "Intermediate"-wave 3. Wave 3 normally extends 1.618 of wave 1 = $ 50,36 (at least!). Long on a mediumterm... Wolf

wolfah

Micron Technology is probably in a "Micro" -wave 3 or just about to finish wave 2. MU tries to break the resistance line of its mediumterm trading channel. There will be further resistance at $ 36.40 (Top of "Intermediate" -wave 1). This also could be the level, where consolidation starts (See magenta line at .382, $ 26.50), which I don't believe, because the...

wolfah

IBM probably still in "Minor" wave 4, but broke resistance line for a "Minute" -wave x.

wolfah Updated 

AMD is in a "Subminuette"- wave 4. The party goes on...

wolfah

NASDAQ in "Minuette"- wave 2. Expect further consolidation to the 0.382 level (5397 area). Keep in mind, level 0.618 would be below the trend-channel! (Tricky to count, cross checked with DJI and SPX patterns.) Wolf

wolfah Updated 

Trend intact! SPX in a "Minuette"-wave 2. End of wave 2 is in the 0.382 area (minimal retracement for waves 2). Correction waves often end on the level of the preceeding wave 4 ("Subminuette") Party starts soon... Wolf