As mentioned earlier, the S&P is doing more or less the same thing as the TSE. Two reasonable counts, one with a triangle in the 4th wave position and one with a simple a-b-c 4th wave. Here is the picture once again. If correct the target should be in the vicinity of 700, as measured by the triangle or by assuming 5 will equal 1. Here is the picture, click on it to enlarge.
GE is hard to count but it does not appear to be complete. Everyone wants to buy this one, especially with a yield of 9 1/2% on the stock. I would wait till you hit the lower trend-line at about $10. It may never get there (if this is irregular B) but if it does it should be ok.
By the way, at the top of the website there is a little search engine. Juast put in the ticker or whatever and it will lead you there. Of you did that you will know that as one of the first opinions I had NCX as a buy at about $5, not for any e-wave reason but simple because the chart looked good. I have not looked at it since so just to clarify, if I volunteer a $15 target sometime in the future and you get almost half that in a week, take it. It is a lot more satisfying to be lucky than smart, often it hurts a lot less. Also discipline has always trumped brains in terms of making money; ergo always sell if you gain 30% or so( in this case it was more than 50%), likewise if you are wrong by that much cut out. Anyway this could be a 5th wave or a B, perhaps a little lower but here again it is probable a buy. If you want to get into this chemical and other business (clearly not too many do) you can get the plant and equipment by buying the stock for 1/10th of replacement cost! (at least so I heard.) Here is the chart which, even in e-wave terms, could be complete.
Rim took it on the chin in the last year after, ofcourse, a beautiful 5 wave up-move into the clouds. See chart, enlrge by clicking on it.
Notice the nice 5 waves up and also the US$30 high preceding that. If this stock has another major leg up to go in the future it should not break that (about C$39) So when it reached $44 C it was a buy (I did not yet have this website at the time.) The pattern of the last leg down, a diagonal triangle in EW terms almost guarantees a return to its starting point. So far so good.
It is already up $20 from the low , or about 50% (makes up for Nova) but should go further to $72 and perhaps even higher. Personally I would not want to outstay my welcome and would run close to $70
