aaaaaaaaaghhh the tea leaves at the bottom of the cup foretold that 67c was going to see a short term rally and guess wot!?
CliveH Post #: 32253 Price at time of posting: 70c* In Reply to msg: #32245 IP: 197.250.xxx.xxx Sentiment: ST Sell Disclosure: No Stock Held Views: 844
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Thanks Mitta3 EW is based on fractal theory. There are wheels within wheels, and to interpret EW is a bit of an artform at times and extremely accurate in others..
The recent sideways action in AGO was a corrective wave that I thought would last longer and have a week or so upwards before resuming the main trend. I was wrong.
The sideways action plus the broken support level has just set the stage for the next leg down IMO. 67cent is just a minor rally point though in this next leg down.
AGO Price at posting:
69.2¢ Sentiment: LT Sell Disclosure: Not Held