Impressive run today. I pulled everything from AKE yesterday and...

Impressive run today. I pulled everything from AKE yesterday and put it all on PLS, which did a similar run. I think AKE was just a tiny bit better - about 0.1 of a %. Couldn't see certainty in the AKE pattern and decided PLS was a safer bet. Looks like I shouldn't have been concerned., still it worked out the same. PLS is easier to trade large volumes 'though at the moment. Well maybe not today given the turnover. Anyway congrats, those who held/traded. Looks like that previous pull back was not the long awaited retrace, so we probably get to do it all again in a few days.

I really expected PLS to go up just a bit today but then they both went nuts. No idea why, except maybe the US lead + CC legislation in Oz parliament being passed? US stocks are still running up (after running down for a while), so we shall see tonight if it is likely to keep going.

I have a trend target of 1565 - 1576 for AKE tomorrow. Seems a little optimistic but there it is. I can't see it pulling back much tomorrow. Might dip a little early but it should pretty much recover. The short term trend would have it at 1514 probable low (seems a little high) and 1451 channel min but I really don't see it going to the channel min tomorrow. Might pull back Monday if it doesn't go nuts tomorrow as well. It looks like it has gone up too much just to pull back cleanly, so I'd anticipate a few days of fluctuating around here if it is about to turn. I really can't see it running too much higher yet though as it has had a stellar run for one wave.

Assuming it starts a retrace around 1570, the c wave target becomes about 1179 and the next target (assuming we have the wave count right) becomes about 1965.

If I had to bet, my instinct would be that it is highly likely to hit that 1570 'odd ('65 - '76) target over the next few trading days. It could do that even with a declining RSI from here (down then up a little, down some more, etc) before it breaks out of overbought. I will switch back to AKE properly when I am satisfied the PLS trend has exhausted and I am happier with the AKE model predicting reliably. Right now I am consistently getting PLS right, but AKE not so much.