BATS:CLF   CLIFFS NAT RES INC
172 5 3
Might be a shark here
cld92000
3 years ago
Would you wait until it pierces the 20 MA?
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cld92000
3 years ago
Sorry had the wrong chart I meant CLF
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KLang PRO cld92000
3 years ago
Not a bad idea...
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OldGoat
3 years ago
My calculator comes up with 26.17 for the .886 XA. If you use the ORTH prices, B is 22.48 vs 21.90 and C is 18.23 vs 18.42; X and A don't change. That yields a 2.24 BC of 27.75. Not sure if that makes a difference as I am just learning harmonics (your work inspired me to look into it - thank you).

The thing that bothers me about this projection is that it doesn't seem like the market correction is over and a retrace of this magnitude doesn't fit in that context. Though I don't question that we may go up next week (perhaps near the 20 DMA), this seems like an outsized move.
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KLang PRO OldGoat
3 years ago
I'm using the fib tools here, if they are wrong, there's not much I can do about it. I agree, the correction is probably NOT over, and few harmonic patterns move in a straight like, and some just don't make their target. But look at Vale - it's bee going up since we've started correcting. Some stocks do and it's something to keep in mind.
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