Now is not the time to buy McDonald’s US Stocks outlook Add comments Mar 102012 Ramki’s post on McDonald’s Corp (NYSE:MCD) appears in Forbes on 9 March 2012 Tweet Share this:FacebookGoogleEmailDiggStumbleUponRedditTumblrPocketPinterestLinkedInPrint 4 Responses to “Now is not the time to buy McDonald’s” Boaz says: March 10, 2012 at 3:02 am 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 Reply Ramki says: March 10, 2012 at 7:07 am 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. Reply BJ says: March 10, 2012 at 11:38 pm Dear Ramki, Given the triangle formation – shouldnt we think it is more likely to be a B than a 2? Best regards, BJ Reply Ramki says: March 11, 2012 at 11:31 am BJ, Anything is possible. But if we are looking for an eventual decline to $74, then it is convenient to assume this is wave 2 of A Reply Leave a Reply Cancel reply Name (required) E-mail (required) URI Your Comment Notify me of follow-up comments by email. Notify me of new posts by email.