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CURRENT MARKET TREND: Up 5/27/16 @ 2090
Stop-loss 2026






Tuesday, October 1, 2013

FB: Losing 20% Over the Next Few Months

FB got close to it's price objective of the 1.618 extension of wave 1 and is in the topping area for this move. Over the next few months we should see a retracement of the 3rd wave move up down to the 37.50-40.75 area where there are the 38.2 and 50% retracement levels of the third wave.

Chart:


2 comments:

  1. I am pretty sure it'll be much more than 20%...!!

    ReplyDelete
  2. where have you gone ? would like to see what you think about the sp and nasdaq

    andr

    ReplyDelete