We sent this out on Feb 12th: "Alibaba dropped from $320 to $80 in four years and then took off from $80 to $120 over the past six weeks. My EW calculations have kicked in and as shown on the chart below, shares are targeting $160 over the next six weeks. April OTM calls could spike 4-5X if this momentum continues. Risk 50% to make 500%. That's the PRO Service in a nutshell." Here is it just about one month later and BABA is trading in the low $140's all the while QQQ has dropped from 525 to 488. Just goes to show, sometimes we nail it. BABA 180 Minute My best guess for April expiration is $175, consistent with this Wave 5 Buy Signal set-up on the 3 Hr trend model. The recommended April 17th call has now more than tripled in less than a month, but at $175 we will be looking for much more than a triple. Note: The 50% trailing stop has locked in 145% should BABA's rally reverse. Nasdaq 100 Warning NDX (Nasdaq 100 a/k/a QQQ) For the third time in two years the Nasdaq 100 is approaching its long term (Weekly) trend line. Each of the prior touches was a buying opportunity. What happens when it is not? Late edit: Broken.... SQQQ Mar & Apr Exp
