Boeing - How high can it fly?

Boeing - How high can it fly? 

Boeing has gone supersonic and is close to leap into space... But is this time different and it will become weightless or will gravity make its influence pulling Boeing back down? You can be sure that it's the later that will win causing a major plunge in a not too distant future. 

The reward to risk ratio no longer favor staying long in Boeing. Wave 3/ of 5 has already seen a 500% extension of wave 1/ and is close to being a 161.8% extension of wave 1 through wave 3 added to the low of wave 4. 

I expect wave 3/ will peak at 295.75 for a correction towards at least 255 and maybe even closer to 231 before the final spike higher to 311 to complete wave 5/ of 5. This will be when gravity finally will pull Boeing back to earth, for a strong decline to 175.50. 

Don't fall in love and fly away with Boeing at these levels...  

Tommy
2015-02-26
Great call on nat gas

Just wanted to drop you a note to say great call on nat gas as it held 2.67

Great job.

Tommy
Duane
2018-03-03
Hey EWS,

I just wanted to thank you for posting your charts. They are of great help to me. Your charts are a great teaching aid for learning Elliott Wave.

Duane
Hani
2014-06-06
I have been a fan of you blog for several years!
I am so impressed at your renewal.
Elliott wave analysis is so difficult to me, but so interesting and useful.

Thank you
Hani