Year: 2012

AEM, Agnico Eagle

Hamilton

AEM l feb 2012

Agnico might well be a buy at these levels. It is only a dollar or two away from having lost 62% of its value (about $33). There are two possible counts, one has an a-b-c finishing at about these levels and the rest is all up. The other, a larger irregular A-B-C that now needs 5 waves down in C. in that case we are in wave 4 that could easily take us up about $10 at least before 5 starts. So in both scenarios we should get reasonable upside. In detail:

aem s feb 2012

The wave 4 could go as high as $52. The stock is trading at levels where it was in 1986, gold itself is trading at levels triple that at least. By the way, I do not mean to convey the impression that I like gold, just this stock, just for a little while.

DIS, Disney

Hamilton

DIS feb 2012

Disney reports today after the close. My guess is that it will go down regardless of what tale the numbers tell. A little pop could be possible but the next serious move is down.

Have a look at the August blog, it predicted both the low and the present high within two dollars or so, rather amazing I think.

CNQ Canadian Natural Resources

Hamilton

CNQdec 2011 sCNQ feb 5 2012

See the Dec 1 blog. The charts is repeated on the left, reality now is on the right, if only they all behaved this well! The A – B – diagonal C is what we have seen on many stocks, and if not that then similar structures. They are all ready to cave in but still not doing it. The Dow has gone beyond the point where it should have stopped, not yet sure how to account for that!