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koman

03/22/15 7:56 PM

#31297 RE: Basin Street Blues #31296

I'm not too familiar with the Elliot wave beyond wikipedia. How accurate is it and what metrics is it using to determine any future movements? I am only seeing a current turn that failed to hold at 7.8sp and the near term became bearish. What constitutes a wave, begininng and end? Also, I think I understand how Pyrr came up w/ the 6.60 sp as a support level, that is the price from last april financing. Is this also the reason why some think that the financing is just coming around the corner in april? There is also the expectation of pending news of direct end of this month? How certain is everyone of the timeliness of this news? So much uncertainty, which will occur first? I'm assuming announcement first and then financing within one week if they do this right. Everyone on Ihub and YMB need to go relax and watch the real march madness that doesn't involve Pyrr. Go wildcats!

pfort1

03/22/15 11:01 PM

#31298 RE: Basin Street Blues #31296

Don't bet your bottom dollar on Elliot Wave Theory wave counts. When the counts and targets don't materialize, the analysts change the count. But it is a interesting theory.