Candax Energy Inc CXEYF

RE: Just a tool

[mind_business]

investclub, thanks for the analysis. It will be interesting to see how this theory holds up with CAX. I think the stock history is too ambiguous to assign charting principles, however I could easily be wrong. This company has seen many difficulties that does not allow for a proper chart to be established. Using the Elliot Wave Theory you should have an established trend to be able to accurately identify the 1st wave. I don't think this is possible with the many failures or difficulties they have had. All it takes with a speculative company, especially one that has had as many problems as CAX has had over the last couple of years, is one negative news release regarding EBB and you'll see the chart collapse below the start of wave 1-2. I think I saw a post of yours recently where you managed to post a picture of a chart (I might have the wrong poster). Would you be able to do that again identifying the first couple of wave points. I'm not completely discounting this method of analysis ... I'm just a bit sceptical. If you're too busy then that's fine. I can take a look at the chart and cross-reference your dates for the first couple of points creating the initial waves. I'm just a bit lazy this holiday season. Have a great New Years and look forward to more of your posts. I appreciate anyone's efforts and methods as long as they're not jerks about it. Hopefully people here have not turned you off of this board.