SL you could well be right - I hoe so - But traditionally in elliot wave theory isnt wave 3 uptrend by far is the longest and strongest ?. I used to love learning and using all these different tech theories when i first started as a Comes trader then stockbroker in HK
One day I took Duncan Mount to lunchwho was then the hottest most succesful fund manager in HK at the time. I tied imprssing over my rock lobster in the Mandarin hotel (I remember that meal cos i got the most wicked sheets for a week after it - I was sick as a dog!) by talking elliot wave theory and all the rest - and he said to me " I prefer to anaylyse the project/co and then just look ahead intelligently into the future" to see where the SP may go. Now im older and (hopefully)a bit wiser. I find thats so true.
TA is sometimes quite useful but often wrong - it works sometimes well untill it doesn't. At the end of the day for me its the fundamentals and management that make or break a deal. And in CLA case that kinda matches what you say . lets see if it comes to pass- I hope so SL- as I say I love your bullishness -it almost makes me look rational and conservative!-keep it up.
SL where are you from originally?
Adopt Elliott Wave Principle to Analyse CLA Share Price In Near Future, page-4
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