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?
- Forums
- ASX - By Stock
- killing us softly
Using elliott wave theory it looks like aex is in an abc...
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AEX (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online