FB, GOOG update March 16

FB: Well that ED didn’t pan out as expected in the sense it didn’t hit the price target it normally foretells. Instead we now see a fractal developing between now and fall last year. This then should be the last wave up to compete Primary I. The advance is overlapping and terminal diagonal triangle forming



GOOGL: The advance since the February 8 low has been very sloppy and overlapping. Counts based as a series of abc’s in our opinion, unless the market thinks that’s a leading diagonal triangle somehow (if so we’ll give up on counting waves, cause that would be totally messed up). For now we have a c=a target at about $765-$770. That would still fit within the bear flag that is forming. For now all TIs are pointing up. No sell signals.