AEX 0.00% 1.1¢ acclaim exploration nl

Using elliott wave theory it looks like aex is in an abc...

  1. 307 Posts.
    Using elliott wave theory it looks like aex is in an abc correction phase.

    Point A is the low of 0.041 on 23/05/2006.
    Point B is the high of 0.053 on 29/05/2006.
    Now to predict where Point C is going to be,
    we take the 0.064 high on 12/05/2006 and subtract the value of point A. This gives us 0.064-0.041=0.023

    The next leg down should be of equal length, so we use point b - 0.023.
    This gives us 0.053-0.023= 0.03.

    Point C is 3 cents.

    So what are people's plans? Sell out now, watch it go lower and then sell, accumulate or just hold and pray?
 
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