morning all,
the thing I like about this post is
"P.S. I have no idea of the reliability of the Elliott Wave Theory now that its all about bots & FA. A few years ago I would have said that this pattern works out 70% to 80% of the time - that may still be the deal, we will see."
me too
IMO - we just can't fall into the trap of slavishly thinking that TA has not changed as the tools in the market have changed.
Although I am certain that there is information and messages in looking at previous trading in a stock or commodity - I just don't think we can go by the old rules.
It would be like trying to judge how a hole was dug and why it was dug where it was dug - when the only knowledge we had was when people had sticks and bones to dig with - but, now we have excavators, explosives and jack hammers.
Although I have learnt the lesson time and time again - to make sure I not only take notice of a major trendline break but, to act on it - both a long time back and still to this day -
some of the tools that were, not bullet proof, but very reliable - just don't work much any more (or at all) in the present environment.
have a great day all
Pinto
AJX: An Elliott Wave Analysis, page-10
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Last
1.1¢ |
Change
-0.001(8.33%) |
Mkt cap ! $17.18M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.1¢ | $971 | 84.34K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 167567 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 1240000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 167567 | 0.011 |
6 | 5722035 | 0.010 |
2 | 211111 | 0.009 |
2 | 182600 | 0.008 |
1 | 200000 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 1240000 | 2 |
0.014 | 363311 | 2 |
0.015 | 1036316 | 3 |
0.017 | 106500 | 2 |
0.018 | 115942 | 2 |
Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
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