Originally Posted by
Bobcat.
Looking at the charts, there has been two substantial downward waves (268-180c and 190-140c), and we are now on its third (150-?). Elliott wave theory would suggest a buying opportunity at the bottom of this current wave.
1st wave dropped the sp 90c, 2nd wave 50c, this wave 20-30c? On this basis, I'm looking for the downward momentum to wane and/or for a downward spike. I have a cheeky bid that I'm moving down each day at 7% ahead of the market - currently @121c.
Yep, that's my strategy and I'm sticking to it.
BC
A mild earthquake (4.8) has just struck - again around Seddon. Must be the old fella again turning in his grave at what he sees from above going on here below, politically.