I think that smaller wave would first head for 1430,- if that breaks, then 1422
The LARGER wave takes the multiple of 71 from the TOP of WAve (2)
IF all that happens within wave iii of 3- all well and good
AS prev noted of wave i & ii was 18pts
thus the FBIO multiple first within iii was to 1430 then 1422
THAT IS PROVIDING this is NOT just a B wave of (2)
THUS 1430 needs to be broken to confirm the larger wave
Stey Tuned for further updates
Jay
Interesting article - the TREND IS YOUR FRIEND, UNTIL it isnt -
LINK http://bullbeartrendlines.blogspot.com/2012/10/financial-fatalities.html
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