GS is still in track from a month ago. It looks like we are either going to have a diagonal C wave , or a triangle B wave followed by a C wave. Both interpretations will be negated with a move above , give or take , $149
JPM, J.P.Morgan update
Roughly a year ago it looked like JPM had already completed, or was about to complete, a nice a-b-c counter-trend rally at around $36/$39. This obviously proved to be wrong. Instead the stock was working on a much bigger a-b-c. One cannot be entirely sure but it does fit quite well. The company reported a 53% gain in earnings today and the stock goes down in pre-market trading. This stock has now hit the upper line at least 7 times and is valued at levels reached first in 2004. The amazing thing is that despite all changes that have been made, or will be made, that the stock is still up here. A sell .
RIM update
See previous blogs. Stock may have completed a rather compressed triangle, or there simple was not one or one still has to come. In all cases $16+ is a good exit point. Nice profit too.
Dell update
On the 27th of Sept. we thought this was a buy with a target of about $12.50. This too looks like an a-b-c or alternatively something better. Should have a 4 and 5 to finish c. Sell now if 25% is ok or wait for $13 plus. Remember that my targets are only first targets, that is minimum targets that should materialize under all circumstances.