04/01/2018 – update to ORCL chart below. Looks like it wanted to go up and finish the ‘long term’ projection. we have a monthly signal reversal candle as of Thursday so this one could very well be cooked for now. Still have the upper area for targets but risk is to the downside. Now, I have no idea what fundamentally happened to cause such a sell off. What I can say is that almost 4 years ago these NUMBERS and this PATTERN were forecasted to cause a top/resistance. So far, they have.
I have NO IDEA what will happen next .. sometimes they work, sometimes they don’t. (the PATTERNS) Just manage risk and train your mind that it’s all probability.
Also, the second chart is using some of the musical properties of this move. As you can see, the .886 and .841 retracement levels nailed the low in 2002. From here, we can use ‘musical math’ and denote 1/X where x= .841 and .886 respectively. Those numbers (1.1892 and 1.122) are the ratio’s of notes from the equal octave scale of music. As you can see, they were present at the completion of the ‘basic’ projections.
Lastly, an extremely powerful technique shown to me by my mentor and friend Michael Jenkins (www.stockcyclesforecast.com) shows subdividing the signal reversal or DNA of the low candles and projecting up. As you can see, the first projection didn’t work but the second one nailed the high very nicely.
Again, no idea what’s going to happen from here BUT certainly can make the case for a nice correction to come in ORCL.
September 25, 2017 – trust me, back in December 2014 I didn’t have a clue if 53-56 would ever be hit … target area has been hit and I have no earthly idea what the fundamentals are driving this stock or not … watch the MONTHLY close on this one. If we get a MONTHLY SRC, then we could have a pretty big top in ORCL.
December 2014 – target appearing on ORCL.