Target should continue to decline

30 thg 5, 2023

Counting Target's Rise as a Super-Cycle Wave 1, the company stock appears to have AT LEAST completed Primary 3 of Cycle 5, and to be currently declining in Primary 4, in alternation with a long, shallow Primary 2, SO I expect 93.77, at least, if not as low as low 60s, by later this year (maybe August/September). It may be worth noting, that in its Minor C of Intermediate A of Primary 4, price extended (NEARLY) to its A-B extension of 1.618. I don't know whether this is meaningful, but maybe someone will.

30 thg 5, 2023

Ghi chú

Correction: price extended (slightly) past its A-B extension of 1.618.

30 thg 5, 2023

Ghi chú

One more note. I was looking at ES and the first ABC down extended to its 1.618, then, the larger B-C off that ABC for A came into the .786 extension. SO, I want to note that level for where this correction COULD end, and it is 108.31. Just an idea, and I do not know if that type of corrective alternation has any academic support, its just an observation.

2 thg 6, 2023

Ghi chú

Looking at the 1=5 concept, puts us at 119.80, or so, before we really pull-back, if at all. That is below the .618 of 121.28, and if we breach that, 93.77 could come after some months.

31 thg 10, 2023

Ghi chú

Looks like we are nearing the target zone. I want a fifth wave, into the box, and this may be one to buy.

12 thg 11, 2023

Ghi chú

Will we reach the box? I shared a trade plan, 35:1 over 7 years...buy at 90.16, stop out at 85.31, collect dividends at 4% for 7 years and then sell at all time highs. Time will tell.