ANSWER 11.1   M Weekly as of August 11, 2014 (Refer back to ANSWER 10.1)

1. Given one down wave, 61.26 – 54.82 – 61.00, what is the smaller than target? The smaller than target is 61 – 0.618 * (61.26 – 54.82) = 57.0.

2. Prices near 57.00 show up in the retracement table. This is the 89 percent and so the last line of support for the swing from 56.37, and the critical 62 percent retracement for the entire move up from 54.82.

   From	54.82	56.37
   21%	59.7
   38%	58.7	59.2
   50%	57.9	58.7
   62%	57.2	58.1
   89%	55.5	56.9

3. The 57.00 target is not only confluent in the table, but is Dev6 daily corresponding to Dev1 weekly. Whenever a match like this shows up between the daily and weekly, it makes the stop more significant.

   Support	Dev1	Dev2	Dev3	Dev6
   Daily	59.2	58.7	58.1	57.0
   Weekly	57.0	55.8	54.3	51.8

4. Because there are three swing lows (56.465, 56.29, and 56.37) around 56.4, that's where I've draw the support line. Because of this, I would say that a close below 56.4 for at least one day is needed to confirm support has been definitely broken.

ANSWER 11.2   MMM Monthly (Refer back to ANSWER 10.2)

1. The 133.4 area comprises Dev6 daily and Dev3 weekly. This increases the importance of this support level because it's not only confluent with stops, but also there's correspondence between the daily and weekly stops. Cells that are confluent with 133.4 are shaded.

   Support	Warn	Dev1	Dev2	Dev3	Dev6
   Daily	138.8	138.0	137.1	136.0	134.1
   Weekly	141.1	138.9	136.1	133.0	127.6

2. A price around 133.4 is the 52-week simple moving average, adding confirmation to the 133.4 support significance.

   Weeks	8	26	52
   SMA	143.7	139.1	132.7

3. The 133.1 area, which is confluent with 133.4 support, is the midpoint for MMM's January down candlestick and the open for March. Thus it had been resistance and is now support. This again confirms the importance of 133.4.

ANSWER 11.3   NGU14 60M Equivalent Kase Bars with Swing 4

“Landscape” Table for Up Waves NGU14 as of August 9, 2014

1. Waves labeled by gray lines and letter designations.
2. Major waves used for labeling are in italic, with the 3.89, 3.932, and 3.981 swing highs color coded as light red, yellow, and light blue, respectively.
3. I labeled this high as “a/A.” All three potential “a” type waves are confluent at 3.89 as shown by the red shaded cells. Additionally the wave I labeled as “a” targets 3.981 with two confluence calculations, the Intermediate (I) and corrective projection Phi to the first power (P1). Additionally, the other candidate for a/A is the first wave listed in the table that doesn't project to 3.981 within a 2 cent range. I chose 3.932 because it was the highest of the three and the corrective wave that followed fell to a lower price—3.876 versus 3.882. The alternative choice might have been to use 3.928 and consider the waves that followed, ending with 3.876, comprising an irregular correction.
4. Wave a, wave a′/c, and c′/c all projected to 3.981 as Wave A. Wave a/A along with its corrective wave b/A project to 3.981 as the Intermediate target and P1 projection.
5. I've chosen 4.10, and 4.22. When there's been an even choice, such as 4.08 and 4.12, I've colored the lower target in order to be conservative.
6. Duplicate targets from YZ waves are shaded. Any duplicate target rows that contain a confluence point were kept unshaded, otherwise the choice of which to shade or not was somewhat arbitrary.
7. Some waves, defined by three prices XYZ, share the same YZ leg. There are three waves listed in the table that have 3.89 – 3.76 as the YZ leg, for example.
8. The waves I labeled A and a/C both project to the 4.10 and 4.22 targets.
9. I would choose 4.16 +/–2 cents as it shows up seven times in the wave table. It's also the next retracement for the entire move down from the 4.874 high (not shown), and otherwise confluent in the retracement table.
10. Yes. As the first column shows, 3.97, which was exceeded by the 3.981 swing high, was met as the 21 percent retracement.
11. For the move down from 4.399 to 3.725, 3.981 fulfills the 62 percent retracement.

Retracements from Prices Shown to 3.725

ANSWER 11.4   Forecasting Exercise for NGU14

The table above for down waves from the contract high was used to answer the following:

1. Prices that have been met following the related low have been crossed out. The low for the first wave is 5.223, for the following four waves is 3.582, and for the remaining waves is 3.725.
2. Next major support is around 3.47, shown in light blue.
3. This price is particularly significant as it's the next target for the first wave in the table, down from the contract high of 8.474.
4. 3.26 as shown in dark blue.
5. 2.76 as shown in green.
6. See table below. Both 3.47 and 3.26 are confluent with weekly DevStops.