AI
Saturday, November 08, 2008 10:44:07 AM
STEM Elliott analysis........
Nice example of an Elliot wave structure on an individual stock. IMO Elliott is less reliable and shows up less clearly on individual stocks then indexes. However with STEM we see a very nicely defined Elliot wave structure IMO and when this does show on a chart it makes analysis of it a lot easier. This chart says to me that there will be a final upward wave 5 a move up to at least the wave 3 high at $2.30. Just my opinion and I could be totally wrong.
Nice example of an Elliot wave structure on an individual stock. IMO Elliott is less reliable and shows up less clearly on individual stocks then indexes. However with STEM we see a very nicely defined Elliot wave structure IMO and when this does show on a chart it makes analysis of it a lot easier. This chart says to me that there will be a final upward wave 5 a move up to at least the wave 3 high at $2.30. Just my opinion and I could be totally wrong.
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