Some short term ideas i am watching, are suggesting we could still see a bit higher, but not much as these are now in a 5th wave and align with a potential peak on XJO.
I would post these in the relevant forum, but after my last few posts i dont think i will bother lol
It sees Hot copper is full of "funnymental" traders, so Technical Analysis is worthless to those that dont open their eyes, not to mention Elliott Wave.
At least with this thread if i get abused we have strength in numbers.
NAB
Looks like its in a 5th wave from the June 2013 lows
So IMO buyers should be looking to lock in the $$$$
ANZ
Similar idea and now in a 5th wave from the June 2013 lows
WBC
Same idea, now in a 5th wave
I chose these stocks as they are part of the top ten i watch (i watch their patterns to help with trades on XJO)
3rd,4th and 5th largest stocks of The XJO
Source: Mc Graw Hill
With 3 of the top ten stocks looking close to completing a potential 5 wave advance from June 2013.
IMO (DYOR) its time to be lighting up and selling into the highs, not adding to trades.
But i have been known to been wrong before, but i would rather buy when its nice and cheap, when no one wants to "hold em", than buy em when everyone wants to "hold em"
Nouf
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