McDonald’s (MCD) Strategy

CLIFF NOTES: MCD has been stalled at 100 since early 2012.  that’s a long time .. we either have some high level consolidation getting ready to explode or some distribution.  Here’s what I see … I see a PRICE and TIME pattern completing so my bias is a corrective move.  If you look at the below, you’ll see a potential game plan.  Note – the TIME of the 2 was rather long and thus far we have not had a correction to balance that from a time perspective so this prolonged move up I am going to put at 3 … sure looks like a beautiful expanding flat coming together so the next move after either 1) a triple top or 2) a 3 drives to a top pattern “should” be down but, one that should be BOUGHT for news highs to be seen. Will be watching an updating.

Main20140623211525 Main20140623212540 Main20140623213756

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: