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     fox_terrier
Member
Username: fox_terrier
Post Number: 446
Registered: 10-2003Rating: N/A
Votes: 0
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| | Wednesday, June 06, 2007 - 10:28 pm: |  
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A favourite of mine.
Cheers
FT
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stocky
Member
Username: stocky
Post Number: 85
Registered: 10-2003Rating: N/A
Votes: 0
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| | Thursday, June 07, 2007 - 12:45 pm: |
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Hi Fox,
BIG Fav. of mine too. I got in @ 0.51c.
Been hearing that OXR needs to get bigger to ward off a Takeover, PNA is an obvious acquisition for them.
Cheers
Stocky.
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lundybob
Member
Username: lundybob
Post Number: 31
Registered: 01-2003Rating: N/A
Votes: 0
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| | Monday, June 11, 2007 - 08:00 pm: |
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Hi fox terrier,
I read your earlier posting regarding PNA ans after confirming the fundamentals took the plunge and bought
Today I posted in suggestions that there might be a place for ,as the Americans ,call them Monday Morning Quarterbacks, whereby the recent history of a
share could be reviewed by the "clever" Monday morning quarterbacks to show how the game should have been played or otherwise an indicator that could have intercepted this one before it made a touchdown
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philr
Member
Username: philr
Post Number: 176
Registered: 04-2004Rating: N/A
Votes: 0
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| | Monday, June 11, 2007 - 09:11 pm: |
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Lundybob
How did you buy today with the markets closed?
Phil
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lundybob
Member
Username: lundybob
Post Number: 32
Registered: 01-2003Rating: N/A
Votes: 0
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| | Monday, June 11, 2007 - 10:16 pm: |
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Phil,
I bought in February . sorry for confusion.That's when the fox terrier first posted
Bob
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philr
Member
Username: philr
Post Number: 177
Registered: 04-2004Rating: N/A
Votes: 0
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| | Monday, June 11, 2007 - 10:29 pm: |
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ok no problem, just wondered if I had missed something 
Phil
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hershy
Member
Username: hershy
Post Number: 2061
Registered: 10-2002
Rating: N/A
Votes: 0
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| | Saturday, July 21, 2007 - 01:46 pm: |
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In another 2 threads Coyotte was wave counting PNA and believes it to be in a wave 5.
Coyotte, I am most probably wrong but I see it as being in wave 1.
Starting with the explosive descending wedge which usually occurs at the end of abc and 5th waves I count one complete 5 wave impulsive sequence AND the corrective 3 waves before the present leg starts.
In fact, I would not be surprised if wave 2 has been signalled by Friday's candle - down - though bullish day with increased volume after breakout.
"The safest way to double your money is to fold it over and put it back in your pocket."
http://members.optusnet.com.au/~hershy/
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hershy
Member
Username: hershy
Post Number: 2062
Registered: 10-2002
Rating: N/A
Votes: 0
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| | Saturday, July 21, 2007 - 01:49 pm: |
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Oh, and here is you stirrup !
"The safest way to double your money is to fold it over and put it back in your pocket."
http://members.optusnet.com.au/~hershy/
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coyotte
Member
Username: coyotte
Post Number: 185
Registered: 12-2002
Rating: N/A
Votes: 0
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| | Saturday, July 28, 2007 - 07:25 am: |
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Apologies Hersay -- just came across your PM's
According to AdvGet your count is correct for the "Intermediate Count" but not for the "Major Count" -- besides it would be unusual for a stock to go from a Wave5 Major into a Wave1 Major without first a period of consolidation.
Chart and Counts are from AdvGet :
1:"Wave5 Inter " is labeled as "Wave3 Major"
2:"Wave4 Major" is confirmed with the EW Osc and EW trigger
3:"Waves 1,2,3,4,5 Minor" of "Wave5" completed -- eg: Wave5 of 5 .
4: "Wave5 Major " may not as yet be complete -- projection is usually 60-100 % of Wave3 Major from Wave4 Major .
5: when the 4th last bar of the Osc cleared the line it had the potential for a 100% Wave 5 move
( pity )
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1:The regression Channel is supposed to be within 95% accurate (breached)
2: The 6/4 Displaced moving average is used only in Wave5's has been breached
3: The Oval is a Fib tool used for EW swings -- above 74c Long -- BELOW 72C Short.
--------------------------
But this is the beauty of EW -- you can always plead the count was for a different Label Period
Cheers
The "Sea of Uncertainty" is defeated by the nimble vessel "Probability", not the unwieldy vessel "Prediction".
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hershy
Member
Username: hershy
Post Number: 2064
Registered: 10-2002
Rating: N/A
Votes: 0
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| | Saturday, July 28, 2007 - 09:13 am: |
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Thanks Coyotte,
Was wondering why I was not scoring a reply !
Your understanding of EW is so far above mine that I fear I might offend if I question your presentation.
I think I follow but as yesterday's action shows the high of wave 3 was penetrated does that not imply that your last wave could not have been a wave 5 ?
So far still valid for my interpretation as my chart shows PNA now in a wave 2 and so long as we do not go sub .59 this may be working towards a great entry - if what we are seeing now is only a correction and not the start of the bull hunting season.
Now is we suppose a few things I can propose the following:
Suppose we are witnessing just a correction and
suppose (we don't have to, this is obvious) we are in an uptend) and
suppose PNA will not drop any further,
we know that a double bottom (@.68)in an uptrend is a very potent bullish signal, a buy stop @ .72 above yesterday's high would set up a reasonable entry ( stop loss @ .66 )for a possible target at 92 cents.
.80 + (.80 - .68) = .92 ((risk 6, reward 20 - a ratio of 1/3.33)
Looking at the wave 1 length of .80 - .59 = 21 and extending it (.21 x 1.61) + .59 confirms target is in the area of 93 cents as a likely wave 3 target.
Time will (as it always does) tell.
"The safest way to double your money is to fold it over and put it back in your pocket."
http://members.optusnet.com.au/~hershy/
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coyotte
Member
Username: coyotte
Post Number: 187
Registered: 12-2002
Rating: N/A
Votes: 0
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| | Saturday, July 28, 2007 - 11:59 am: |
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Hi Hersay
my understanding of EW is very basic indeed -- I was fortunate
enough to have a excellent EW mentor who pointed out that the EW Patterns within the waves is fair more important than the Wave Counts and this is going to take around a decade to learn and apply properly --- hence I now only use EW as a guide to the overall trend positions .
Besides Elliott's work has been so corrupted over the years I doubt even he would recognize it now.
A classic case in point is PNA -- some schools insist that W5 will be 60 to 100 % of wave W3 , whilst others go along with W5=W1
If W5 = W1 then W5 (major) is complete -- if on the other hand W5 = 60/100% then as long as W4 (major) holds , the targets are 88c to $1.08
Also Arith & Log projections play a part -- if the waves have been over a extended period then a Log projection should be used and not Arith.
In periods of high inflation = LOG projections
The Minor and Intermediate Counts are not used in the Major Count --- Also of importance is the Weekly Count over rules the Daily Count .
The Higher Archy of counts are Monthly, Weekly , Daily and within them The Major , Intermediate, then Minor .
Then you have the EW patterns over ruling the counts .
But EW should be treated like a trend line or support level eg: either PRICE breaks the rule or it dosn't .
Basically though the theory behind EW is interesting :
Major Waves :
W1 is where the bottom feeders begin to support Price
W2 is a sharp correction on profit taking
W3 (when it moves above W1) is where Traders and Pro Inv take notice and begin strong support.
W4 Traders taking Profit
W5 The Wave where those caught at the W3 high start bailing out as they recover their losses , whilst the johnny come latelys think the sky is the limit (the most dangerous Wave)
Much prefer to look for early W3 --- the CEY WEEKLY is a interesting chart in this respect .
Have included a IC chart (PNA) of the AdvGet Counts -- sometimes it can be uncanny -- been predicting this fall of the XJO for around 3 weeks .
First of all you MUST determine whether a Stock or Index actually does trade under EW guide lines by looking for previouse counts -- do not try and force a count --- either it doe's or it doesn't
(Message edited by coyotte on July 28, 2007)
The "Sea of Uncertainty" is defeated by the nimble vessel "Probability", not the unwieldy vessel "Prediction".
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hershy
Member
Username: hershy
Post Number: 2089
Registered: 10-2002
Rating: N/A
Votes: 0
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| | Sunday, September 16, 2007 - 04:31 pm: |
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Much change since the last post.
New questions for all.
Base on the move from the low of .465 to the high of that swing at .69 (which I count as a wave 1) would suggest a target for the next swing at between 94 and 97 cents.
BUT.........
The long top shadow of Friday's candle suggests that a top has been reached. What do most of you do when you have a move towards target interrupted by a candle formation that suggests the move may not complete.
Do most people let fear win and sell or do you let greed take over and hold. Or simply, do you follow your original plan and hold till you are stopped out by a trailing stop or reach target.
PLEASE, comments...........
"The safest way to double your money is to fold it over and put it back in your pocket."
http://members.optusnet.com.au/~hershy/
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tryhay
Member
Username: tryhay
Post Number: 739
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Sunday, September 16, 2007 - 05:13 pm: |
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Hello hershy,
Not intending to confuse things, but using fibonacci retracements and extentions PNA looks like a possible trade if the resistance is broken (rather than faked out like last time). Confirmation candle/s would confirm approach. (I do not own as yet)
Could actually bounce to ~$1.00 if it behaves. Seven Price sensitive Company Announcements in the last couple of months make it one for the watch/buy list IMO.
A |
