Tuesday, March 8, 2011
An Elliot Perspective on RBA Commodity Prices.
Wave structure of 2 & 4 has also satisfy the Elliot rule of alternation.
If one is simple the other complex.
in this case wave 2 is complex and wave 4 deep but simple correction.
Wave 4 has also cut Wave 3 by Fibonacci ratio of 50%.
Looks like we may see multi months correction on commodity prices !!
Wednesday, March 2, 2011
Continue : RBA INDEX OF COMMODITY PRICES
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RBA INDEX OF COMMODITIES PRICES
Expect multi year 3 wave down.
Broker report & share price : Any Correlation ??
Despite poorer than expected performance
And expectation of losses ahead.
Analyst still maintain a price target of 60cents.
Although the call is neutral now.
What does it mean ??
Tuesday, March 1, 2011
Monday, February 28, 2011
Sunday, February 27, 2011
Thursday, February 24, 2011
Wednesday, February 23, 2011
PTM : Another perspective
Standing on teh base of a triangle Support at $4.73.
Will it give way ??
Prices below triple moving average band.
Will it give way ??
Prices below triple moving average band.
A look at Usdjpy in 30 mins
At 7:53am, I notice this set up.
First impression, a A-B-C correction upwards.
Support at roughly 82.40
Fought the aggressive impulse to jump into the trade.
Which my previous aggressive stance would have jump right in.
Waited for break out confirmation at 82.50.Which never came, becasue prices broke support and dive down instead.
Tuesday, February 22, 2011
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