hartley's report, page-50

@edutain

Each to his own I guess. I had gained the impression from a previous comment of yours that you only owned FML and were down big time. I'm glad to see that that is not the case. I should make the point though that I am not a believer in TA. It's just another tool to master that can sometimes make an investor's life a little easier. Have a look at the chart (monthly) below (I don't hold)- a beautiful example (so far) of Elliott Wave activity in waves 1-3. So what happens next? Will wave 4 (down) play out as an ABC pattern? Too early to tell, but if it does my targets for this particular stock are $9-11 (or higher) at the end of a following wave 5.

I'm like the door to door salesman - for every 9 knock-backs there is one hit. In my case I aim to make sure that that one hit is very much bigger than the total value of the 9 knock-backs. And for me that general line of reasoning has worked a treat over the last few years. With a much better average than 1:10 fwiw.

Macca