SIGN IN YOUR ACCOUNT TO HAVE ACCESS TO DIFFERENT FEATURES

FORGOT YOUR PASSWORD?

FORGOT YOUR DETAILS?

AAH, WAIT, I REMEMBER NOW!

Mario Randholm

  • LOGIN
  • Home
    • Team Experience
      • Mario Randholm
  • Blog
  • Resources
    • Partners
      • Thomson Reuters
      • MultiCharts
      • Municipalidad de Miraflores
      • TradingDiary Pro
    • AutoTradingAutoTrading
    • R Option ModelModel
    • Historical Performance
    • Comparison Matrix
  • Memberships
  • FAQ
    • Term of Service
Contact Us
  • Home
  • Blog
  • Market Update
  • Update

Update

randholm
May 8, 2012 3:35 am / Published in Market Update

Update

There are now some more solidified targets for the SPX basing in this correction. One is near 1350, as it would give us equality relative to the first wave down off of 1422. Another is even farther down, in the 1310-1330 range, dependent on how far the Fibonacci relationship of the move off of 1422 wants to play out. A typical move would be around 1.618 of the length of wave A down from 1422 to 1358 if equality does not happen. A 3rd scenario is that we’ve bottomed in the short term, and we’re creating a 4th wave triangle, with an ABC having formed so far, while waiting for D and E to complete. If we hit 1350, the triangle will be ruled out. It is possible the 4th wave has completed but that would be less likely in our opinion than these other choices.

Check your inbox or spam folder to confirm your subscription.

Categories

Twitter

Lightning fast alerts:

twitter.com/MarioRandholm

twitter.com/RandBots

Archives

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

ABOUT US

Mario Randholm Blog. Mario is the founder of Randholm & Co. S.A.C., an investment management company dedicated to producing superior returns for its clients and employees by adhering to mathematical and statistical methods.

CONTACT US

Message us

Mario's Linkedin

Past performance is no guarantee of future results.

Disclaimer:

This site is for informational purposes only. Nothing on this site should be considered investment advice or as a solicitation to buy or sell any security.

Please see our full Disclaimer.

TOP