Mar 102012
 

Ramki’s post on McDonald’s Corp (NYSE:MCD) appears in Forbes on 9 March 2012

  4 Responses to “Now is not the time to buy McDonald’s”

  1. Hi
    Interesting,
    what is the relation between the waves in January 4’s article and those now? for me, there is a gap in your analysis.
    how did you get the price of 75$ where wave 1 was about 3$ only…
    Boaz

    • Boaz, good question. (1) go back to the first chart of Jan 4 article and you will see hat wave 4 within the extended fifth comes at $74 (2) wave 1 of the downmove that went from 102.22 to 97.70 or so is just the 1st wave of wave A of a larger ABC. Hence it looks relatively small.

  2. Dear Ramki,

    Given the triangle formation – shouldnt we think it is more likely to be a B than a 2?

    Best regards,
    BJ

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