When do you guys know when a move like this is going to take place....? Just wanted to hear from the both you... Also, what are both of you guy's plan from here... Going in tomorrow, with the move that it has already made in after hours... Higher tomorrow, or Retrace, and then make its move higher... at 134.00 Sincerely, JC JCBLESS@aol.com
It takes a while of looking at charts and studying various theories to come to these conclusions. Basically when you see a cup (I dont mean a V), you always have a handle. The retracement of that handle will be 1/3, 1/2 or 2/3 of the cups height. Then after the retracement, there will be the bounce to the upper level. If the price makes it over the brim of the cup, then add the height of the cup to that price and that is your target. Looks like BIDU is retracing just as I said and I expect it to get down to the middle level of my range. A 1/2 retracement.
Thanks again, your insight, played out perfectly. Keep it up. Anything else you are looking at keep us posted, I enjoyed this ride. It's fun when you do your homework, and have a great play out.