GILD, GOOG update february 8, 2016

GILD: Cycle 1 has peaked. price is now about to complete primary A. The 100% extension of major a is at $77, which is also close the the 1.618x extension of intermediate a. Around $10 more to go to the downside. Primary B should then bounce back to low $100.


GOOG: the violent drop of price over the past few days warrants an update. Cycle 3 has now peaked. C4 should drop to low $500s, high $400s ideally. That’s a huge price cut… Price hit the 300% Primary I extension and reversed after earnings. It has already lost 14% of it’s value…in a few days. This is bear market behavior.