Posted by: stockscooter | December 29, 2012

TIP update

-Spreads are at extremes on my moving averages.

-Strength indicators show divergence via the black trend lines, as prices rise.

-Wave structure could be complete.

-A couple months left until these indicators cross.

-Basic 38.2 fib retrace takes it to 108 area (for starters).

-The rare diagonal triangle pattern usually occurs at the end of a long-term bull market.

-The 3-3-3-3-3 pattern may still need a month or two to complete.  Hard to tell for sure, but it’s close.

-Wave 2 and 4 in the last 5th wave don’t alternate-both are zig-zags (denoting an ending diagonal triangle).

 

ZY243987-55

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