I track a whole bunch of individual names, and I had to put some of that on hold because some stocks broke to new lows invalidating the counts I had been carrying. Names like Amazon, Adobe, even Facebook all made new lows and I have to wait to look for a new impulse wave before I can give a confident count on those.
But, I find it interesting, the selection of stocks that are still, wave by wave, hitting the right targets to justify bullish counts still (Alibaba, Macy’s, even Coinbase, and others).
I will show a few.
Macy’s, though deep for a “2,” pulled back just when I was expecting to to:
Read more “Just Talking Out Loud About Some Evidence: A Glance at $M, $BABA, and $META”