Google Update: Chop or DropGoogle has hit past the 1.0 of our A-B move, and also made the OMH I called for in my last post. This count now appears to be complete to me. Could there be OMH? Sure, Absolutely! But IT IS NOT REQUIRED . I remember reading somewhere that "it aint over till the last 5 says so" lol. I'm sure I said it wrong but the point being is if we do make another high it shouldn't be much.
On the graph, I drew a box for what is the normal end target for this A-B move up. We could technically go all the way up to the 1.382 and still be considered "normal". Until "the last 5 says so" we will chop in this box inching higher and higher until....BOOM! The bottom will drop, and you'll be scratching your heads thinking, What just happened?
I could be wrong. I am not a fortune teller. I only post the probabilities according to my analysis. At this juncture though, it appears a decent drop is on the very near horizon, and I don't want to be on the long end of that when it comes. All that being said, there is still all of the stuff going on with the fed and the debt limit. You never know what could become of all this. Just be careful, and above all USE STOPS!!!
Bonam Fortunam,
--Tyler
