Some of the American stocks that I have mentioned previously as shown above have recovered from their respective lows that were recorded in either November 2008 or March 2009. The gains in their respective stock prices are fantastic during the current wave (I) up trend movement. It will be interesting to see how much they can drop during the coming wave(II) consolidation. Don't forget wave (II) can have (but no necessary) 100% retracement to form double bottoms reversal pattern. These are gold mines if they go for 100% retracement. The gains during wave (III) can have a minimum of 1.618 times of the figures shown above.
Wednesday, May 13, 2009
The gain is juicy - American stocks
Some of the American stocks that I have mentioned previously as shown above have recovered from their respective lows that were recorded in either November 2008 or March 2009. The gains in their respective stock prices are fantastic during the current wave (I) up trend movement. It will be interesting to see how much they can drop during the coming wave(II) consolidation. Don't forget wave (II) can have (but no necessary) 100% retracement to form double bottoms reversal pattern. These are gold mines if they go for 100% retracement. The gains during wave (III) can have a minimum of 1.618 times of the figures shown above.
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