Monday, August 2, 2010

GREN - ELLIOT WAVE

WAVE 3 STARTS WHEN PRICE BREAKOUT HIGH OF WAVE 1 @210.

TARGET WAVE 3 @315 OR MAX 360.

AFTER THAT SHOULD BE A MINOR CORRECTION FOR WAVE 4.

TARGET WAVE 4 DEPENDS ON THE TOP OF WAVE 3:
-IF WAVE 3 TOP @315, THEN TARGET WAVE 4 @260 OR 245 (FOR ZIGZAG).
-IF WAVE 3 TOP @360, THEN TARGET WAVE 4 @290 OR 270 (FOR ZIGZAG).

NOTE: ELLIOT WAVE WORKS WELL FOR LIQUID STOCKS & MOSTLY BLUECHIPS. FOR "GORENGAN" & IPO STOCKS, HONESTLY SOMETIMES WORKS, SOMETIMES NOT.