RE:RE:Completed 5 waves updude, I am no where near selling. Impulse waves and corrective waves occur over and over. Precther's problem was trying to make a big prediction using it. I"m not. Just saying there is a clear 5 waves but the 5th wave can easily go higher and higher. It was way too early in the game to be getting excited. Emotion kills bank accounts.
MadMax10 wrote: skott4gold, oh please don't get me started on the elliott wave theory. I followed Robert Prechter at one point in time until it became apparent that he was clueless. We were supposed to have had the big grand poo ba wave 5 top and then the end of civilization clear back around the year 2000 and it never happened. Now you have a gazillion people each gving their own interpretation of EW. No disrespect but when I hear the wave talk the neurocircuitry in my brain starts to short out.
All I know is that with big moves up like this it is not uncommon to get a retracement - that is unless news comes out and then stock could ust be in the intial stages. Go back and look at NVO last year, it would have been real easy to sell out to early on that one.