P&G, Proctor & Gamble update

pg febr 21 2014

On the balance of probabilities this is a completed A down, irregular B up and C has just started. Normally the C should take the stock below the low of A, that is $45. The surprise here was that the A leg took slightly more than a year and the B leg slightly less than 5 years. Otherwise there are no surprises and if this stock continues to perform in accordance with EW rules the low should occur sometime in 2016. Time will tell.

Here is the last leg C up in more detail;

pg feb 21 2014 s