Now is not the time to buy McDonald's



4 Comments

  • Boaz

    Hi
    Interesting,
    what is the relation between the waves in January 4’s article and those now? for me, there is a gap in your analysis.
    how did you get the price of 75$ where wave 1 was about 3$ only…
    Boaz

    • Boaz, good question. (1) go back to the first chart of Jan 4 article and you will see hat wave 4 within the extended fifth comes at $74 (2) wave 1 of the downmove that went from 102.22 to 97.70 or so is just the 1st wave of wave A of a larger ABC. Hence it looks relatively small.

  • BJ

    Dear Ramki,

    Given the triangle formation – shouldnt we think it is more likely to be a B than a 2?

    Best regards,
    BJ

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