A friend mentioned to me that he had purchased a stock and as usual i threw in my 2 cents worth. Although i hesitate to use Elliott Wave on individual stocks, when patterns are pretty well defined i start sticking labels.
Comments
Looks like a completed 5 waves. the pattern looks very similar to mid 2010 after which it collapsed. However i am not sure if the (v) wave of iii is complete, so this may keep it up a few more days, but either way i think it goes to 400 at least
If it current leg comes down and crosses the horizontal red line means my count is wrong, at which point i will have to re evaluate.
Comments
Looks like a completed 5 waves. the pattern looks very similar to mid 2010 after which it collapsed. However i am not sure if the (v) wave of iii is complete, so this may keep it up a few more days, but either way i think it goes to 400 at least
If it current leg comes down and crosses the horizontal red line means my count is wrong, at which point i will have to re evaluate.
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