Sunday, May 15, 2011

Fwd: GOOG : A study in Gaps and elliotwaves

> Google looks sets to complete a C wave with a final "v" leg down.
>
> There are 2 Gaps on this chart.
> the first one was filled by the elliot 4th wave.
> Gap was at 3/4 of the 3rd Wave. Which was eventually filled by the corrective 4th wave.
>
> Therefore look at Gaps as part of an Elliot Wave to consider whether it will be filled or when it will be filled
> barring any fundamental shift in the game.
>
> However the 2nd gap on the way down.
> At this stage looks like the Gap happened also at the 3rd wave of a different degree but still its a 3rd wave.
> Will Prices fill the gap before completing the V and ultimately the C.
>
> If it goes to C without filling then look for rebound to fill it.
>

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