Anyone familiar with Elliot Wave analysis? If so, then you will REALLY REALLY like my next SIRI chart.....
PS - the lines are not trend lines, they are my interpretation of the formation of the elliot waves. The red lines are the next potential motive wave that appears to be forming....(waves 1-5 of the previous wave are considered a motive wave.....waves a-c are called a corrective wave)
Hey Bass, I was able to follow and absorb the Stikky book for which I am grateful to you for putting me on to it. I have to tell you though, when you first mentioned you were digging into Elliot Wave analysis, I went to their web site to see just what that was all about. They have two or three video tutorials there, but my eyes rolled back into my head about half way through the first. I admire you for your ability to grasp what that is all about, and I'll just be content to hear your own personal take as you offered above............ I'll take your word for how I should REALLY REALLY like your chart. Thanks for the positive outlook.
PS. Nice to have your input as always.
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