stock update 10/2/2015: JCP and YOKU


JCP: Had a monster day today and it looks like minor 1 and 2 of intermediate iii have completed. A break above (green) minor 1 will confirm this count. Using the fib extensions of the minor, intermediate (red) and major (yellow) waves, we can see that the first cluster is around mid-$10 to $11, and then $12-$13. Looking at the price candle today and how the bollinger bands are starting to expand I think we’ll get there in short order.

jcpYOKU: Had an even better day then JCP. Also here it appears the most likely count is that major 2/b is in. Also here we can see how price broke out above $18 and how the daily BBs are starting to expand. Break above $20, and $22 is next.