Toyota is acting to form, assuming this is a correction (it may in fact be a new bull market), simple because that is the least aggressive assumption, one would expect an a-b-c up which is exactly what is happening. The target remains around the $80/82 level. c=a, 50% retracement, wave 4 of previous degree etc. etc., do not be surprised if it reaches the higher end of this range.

This is a repeat of the Toyota recommendation, buy at $71.50 and hold at least to $80  as at a minimum we should get an a-b-c structure, which we do not (yet have). There is also the gap at around $83 that may attract the stock. In any case, so far so good so use a stop loss if you are playing this one big.

Toyota may be a buy here. Arguable it has done 5 down, has reached the bottom of the wedge at $74 and then some and both the RSI and MACD are at pretty low levels. This stock has been down 10x for the last 11 days. I own a Corolla and a Subaru, the Corolla has the floor mats tied down real well whereas the Subaru (2x as expensive) has the mats floating all over the place. Abstracting from the brake pedal proper, the Corolla is much safer, at least with respect to anything having to do with the gas peddle. Curiously no mention has been made at all of the Audi.  It would seem to me that the problem is grotesquely overstated. Also the company upped its guidance re its future profitability. Looks like a buy to me with tight stops  $70/69 for a target of $80 or so.

This is Toyota, arguable 5-waves up. We have recently heard that Berkshire’s income dropped by 62% and that AIG’s biggest loss ever was 61.7 Bln. This Fibonacci number 61.8 and the reverse 38.2 occur so often that it pays to anticipate them.  The high on Toyota was 140 and they are asking for a hand-out as well. Now we see the line but would like more of a cluster of points. We can get one more , 140 x 0.382 = 53.48 , looks pretty well precisely where the line runs. This does NOT imply that the drop will stop there, but is does imply that the probability of the drop halting there is appreciable better than otherwise.