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International Business Machines Corporation Message Board

  • stockpros70 stockpros70 Dec 23, 2012 4:48 AM Flag

    CHARTMAN ON THE MARKETS: MAJOR CORRECTION COMING

    If we take the move from SPY 3/6/09 low to 6/10 high at 96.11 as the initial impulse off the low:

    the initial impulse (base) is 29.01

    times 7 equals: 203.07, add that to 96.11

    we get projected high of 299.18

    STALLING AT .333 OF 299.18 TO 67.1: 144.34 (OFF BY FEW PENNIES)

    Next Friday is day 144 off 6/4 low in Trading days

    146.3 is Chartman’s geometric progression value off the November low

    12/30 at 140.57 is a 45% time price square out off the 11/16 low…

    142.99 tomorrow is a calendar based .618 time price square out of the September to June selloff (would’ve been Christmas)

    Chartman expects significant correction coming that could test the June lows based on Elliott and Hurst Cyclic Phasing Analysis..

    WATCH 12/27, 12/28 AND 1/6 THRU 1/11 AS THE TIME FOR POSSIBLE CHANGE IN TREND DOWN

    STOP ON BY:

    THECHARTMAN NET

 
IBM
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