I commence with my humblest gratitude to The Most Benevolent, The Ultimate All-KnowerOne of the astute readers of my bog-site brought ORCL to my attention (therefore credit is due to Mike). I am just doing the analysis, which is The Gift of My Creator for the purpose of helping others.
ORCL not only, seems to have created one of my favorite patterns of Island Reversal (as I consider a strong pattern, as opposed to other Chartist Technicians), but also it is completing its price and time cycles squaring. It has retracement 50% of its all time high (from .dom crash high). Furthermore, price has squared from two bottoms of 03/09 and May 10. It is occuring within the strong clustering of time cycles squaring from several tops and bottoms.
Therefore, a serious correction is expected. It shall be stronger, if markets starts its correction, also. Nevertheless, ORCL has completed its price time cycles squaring.
