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Trevor12

442 Posts.

08/05/15

10:27

Post #: 15240508
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Originally posted by Rockon2 ↑

Hello Trevor12 , ive been watching some of your STT picks lately , and youve done a great job imo.
I just noticed though on your chart for NXR , and I agree with the "go long from here"
The EW count in my opinion is wrong. Im no expert, but I am a convert of EW and use it extensively.
A wave 4 (bottom) cannot go below a wave 1 (top). .. Also in most cases a wave 2 and wave 4 (corrective) is usually
different in length, (in this case atm they are both the same)... This does not mean that the stock may do what we expect it to do
it just that the EW pattern does not follow atm..
It will be interesting to see how this trade goes, I too have an order @ 0.092 to catch the expected upside (today hopefully)..
Good Luck Trevor12. And well done !!

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Thanks heaps Rockon2. I REALLY appreciate your constructive feedback. I have had a look back through my notes and totally agree with you about my incorrect interpretation of the Elliott Wave Theory with this stock. I've learnt something today....so it is a good day.

Cheers Trevor12
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