Encounter Development Technologies Inc. (ENTI)

[Matt_Chart]

Well thanks to you and all the people that have done some FANTASTIC DD on this board. Truely outstanding!


I am feeling more confident then ever with this chart then the last one. We will see, sooner rather than later a new rising channel will materalize that gives endless trading opportunities. Lets expect another 5 wave move up in a rising channel if this chart is indeed following elliot wave theory. only time will tell. In most cases wave 3 up is the longest wave and 5 is usually the shortest wave according to the theory. We see this with enti.

Depending on your strategy the possibilities are endless.

You can try and flip it from the bottom to the top channel, or you can wait till the next 5 wave count is done and try to sell at the top, or wait until the rising channel is broken OR just hold it till you hit your price target. These are all trading suggestions that I may follow. I have my own and you all should too.

Just make sure that you have a plan and follow it. If you are not good and following a trading plan. WRITE IT DOWN AND STICKY IT TO YOUR COMPUTER SCREEN!