We use a semi-log scale. This makes the rise from the early eighties look like a perfectly straight channel. We are not entirely sure of the early part of the EW count, but we are pretty sure that the 4th wave is where we think it is. Also the orthodox top might be to the left of what is shown but this does not materially affect the analysis.
First note that this stock never fell back to the 4th wave of previous degree, this simple means that it may still do that! The mess up there over the last 15 years is simple a series of a-b-c’s as far as we can tell, that is corrective and not impulsive so there is little reason to believe that we are in a new bull market. Taking all that into account a target of $15 emerges.
HPQ may have a similar structure.