Counting Target's Rise as a Super-Cycle Wave 1, the company stock appears to have AT LEAST completed Primary 3 of Cycle 5, and to be currently declining in Primary 4, in alternation with a long, shallow Primary 2, SO I expect 93.77, at least, if not as low as low 60s, by later this year (maybe August/September). It may be worth noting, that in its Minor C of Intermediate A of Primary 4, price extended (NEARLY) to its A-B extension of 1.618. I don't know whether this is meaningful, but maybe someone will.
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Correction: price extended (slightly) past its A-B extension of 1.618.
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One more note. I was looking at ES and the first ABC down extended to its 1.618, then, the larger B-C off that ABC for A came into the .786 extension. SO, I want to note that level for where this correction COULD end, and it is 108.31. Just an idea, and I do not know if that type of corrective alternation has any academic support, its just an observation.
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Looking at the 1=5 concept, puts us at 119.80, or so, before we really pull-back, if at all. That is below the .618 of 121.28, and if we breach that, 93.77 could come after some months.
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Looks like we are nearing the target zone. I want a fifth wave, into the box, and this may be one to buy.
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Will we reach the box? I shared a trade plan, 35:1 over 7 years...buy at 90.16, stop out at 85.31, collect dividends at 4% for 7 years and then sell at all time highs. Time will tell.