ORCL, Oracle

orcl june 2012orcl june 2012 s

Oracle is going to have a big move soon. A triangle has been forming, and even though it could be counted as starting at the $36 high, it counts better when started at the recent $25 low. A target at around $20 is an absolute minimum but immediately after that $15 and so on and so forth. Only in the event of a miracle could this be a 4th wave triangle leading to an upward thrust. Not a chance in my view. Wave e of the triangle could still go a dollar or so higher but that is not worth betting on. Exit now.