(5)

[5]
General Growth Properties (OTC) ~ Daily Chart
[3]

The wave count here suggests that the move in General Growth may be nearly (3)
over. Perhaps there is one more micro Wave [5] to go. It’s been a crazy market
and it’s possible there is something else more bullish transpiring. So, longs who
[4]
are holding this stock for even bigger gains should consider the $10.01$10.95
$10.95
zone as important support. Those look like “classic” support points that, if
broken, would signal a much deeper correction is underway. [1]
$10.01

[2]

(1)
The Wave (4) avoided any serious
“overlap” with the Wave (1)
(4)

(b)
-3- (2)

(d)
a or 1 -1-
-5- (e)
(a)
(c) -4-
-3-

-2-
-1- -4-

b or 2
Please note that the wave degree has been raised by one
-20
order relative to the count that was made on 12/9/09. Some of
these moves no longer looked “micro” in nature.
The move looks to
have begun here.

Andy’s Technical Commentary__________________________________________________________________________________________________

 5
General Growth Properties (OTC) ~ Daily Chart

I’m always amazed how waves can often build on themselves. The outline
represented here would be an ‘idealized’ bullish five wave conclusion. The main 3
point, though, is that the easier Wave-3 money is probably over soon and that, -5-
even under a longer term bullish case, General Growth could be in store for a lot
of violent congestion in the next several months.

-3-

1 -1-
-4-

-2-

Andy’s Technical Commentary__________________________________________________________________________________________________

 General Growth Properties (OTC)
-3-/-c-
(5)
This stock has seen a parabolic rise from the dead. It’s clearly overbought at this point and is [5]
due for some sort of correction, but I don’t see a completed wave count. It looks like it has at
least one more move to the upside after a Wave [4] correction. The gap between $8.06 and [3]
$8.99 will get filled someday, but in the mean time it should act as support. The steep uptrend
line should also be considered a type of support. If this is an unfinished five wave move
higher, it should not decisively break this very steep trend line until it has completed. A triangle
wave [4], though, may move sideways through this line.

[4]
8.06  8.99

Reprinted from 12/9/09 [1]

Important Line

[b]
(3) [2]

[d]

-1-/-a- (1)
(5) [a] [e]
[c]
(3) (4)

(2)
(1) (4)

(2)
-2-/-b-

The move looks to

have begun here.

Andy’s Technical Commentary__________________________________________________________________________________________________

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