Absolutely no good !
I think it keeps going down.
To where ?
Let's go to see what Elliot teach us.
The Elliot Wave Analysis in this case tell me :
a) area 3.5 - 2.5 has 90% chance to be reached;
b) area 3.30 is 75% Wave (top 1- bottom 3) and also 2,382 projection Wave 1 (Wave C);
c) area 3.30 is 1/3 of the absolute Top (9.90 - on 2000);
so .... I think next easy target it could be ... 3.30 for now,
but there's a great chance to see this share plunge to 2.35 area before start remaining flat for a while and bottom out.
That has just joined us ! Coming next ....(couple of weeks)
Will Telecom weather the storm ?
Will Telecom get off to a flying start when it reach that area ?
I think we won't miss the boat !
Keep in touch.
Bye
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