mqg strategy, page-16

"also on my shopping list would be a narrow spread bar and hopefully the close is highish, also it would nice if we could stay within the spread of Friday, I mean this applies to today and/or the next little while until a possible entry is taken

I'd then buy on the next close as described in that intraday chart of mine of a few days ago, doing that half guarantees that it was a successful test and you catch it rising, now waiting, ummm"

mitta3
I've got to say, I'm impressed. MQG has had two inside days since you wrote your last post. The volume was low yesterday as predicted, notwithstanding the ASX screw up, but today the volume was about average, and it closed towards its highs. So, accordingly, we might see the bounce from here?

Re my last post, I had, somewhat optimistically, called a wave three move to $107 a share. I had suggested that this could be the start of wave 3 when infact it had started at $33 some months earlier. My apologies.

So to recap, I think we are in a big wave 3 move from the $33 low back in November, but currently pulling back on wave 2 of wave 3, short term. If your calcs are right, we should be shortly starting wave 3 of wave 3....just to complicate things !!