Friday, September 19, 2014

HPQ update - interesting model correlation

In my previous HPQ update I provided a short term chart model which showed a blue path and a red path as the most likely chart moves. Today we see that the blue path seems to have been followed almost exactly as you can see from the update below.

Because that 61.8 fib was hit so perfectly after what appears to be a 3 wave move, I can only believe that it will gap down on Monday as shown below.  HPQ will likely only gap like that if the broader markets are also falling.


No comments:

Post a Comment

Hi and welcome to my blog. Comments have been enabled for anyone with a google account.

Twitter Delicious Facebook Digg Stumbleupon Favorites More