Hamilton's E-Wave Analysis

TRE, Sino Forest update

 

These are some of the old recommendations, click on charts  and they will get larger. You can also find the entire blogs by going to the index. We recommended a sell at about $5 simple because that was a huge gain in a very short time and because an a-b-c correction could have been complete at that time. It did drop 50% from there so what is going on now?

When a stock drops in a 5 wave sequence one should expect a A-B-C correction, this can be simple or complex. We did the A from a $1.29 low to $5.30 or $4,01. Then wave B cut that in half to $3.36. B should continue up to $8.37 where C=A ( 3.36 + 4.01 = 8.37). The gap starts at $ 8.53 so it may try that as well.  Ultimately higher levels are certainly possible. $13.57 would close the gap and that is just a 50% retracement but all this is pure speculation. Stick to the sure stuff.