Now is not the time to buy McDonald’s

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

1. 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

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   • 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.

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2. 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

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