This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford
Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj
Sunday, 28 April 2013
this chart is from Korelli http://korelli.typepad.com/blog/
I like the count because it offers a good risk/reward should the pink line break,short with a stop above the w2 high. For all the criticism of Elliott wave,this is its value,to me,that it offers good setups every now and then