WITS 2.0 in the Pilbara?, page-602

Sorry, I cannot comment on your chart because I don’t use wave method anymore and I think those types of charts can be interpreted in multiple ways......also, I don’t use daily charts except to time an entry.....I use monthly charts instead and buy the stock if the price at the close of last month is more than the 10 month average....if it has been above for a while and I missed the first time it was above, I try and buy small portions if it is more than 10% higher than the 10 month average and use daily charts to time my entry...and keep averaging down if needed....I will sell for a loss if it closes below the 10 month average on the last day of the month.

This very simplistic method seems to be working well for me for the past two years...with about 70% success rate. KAI if it closes in this month at 3.7c or below will be that sell indicator for me....until that point, I will keep averaging down if I have cash and I don’t have more than 10K$ in any one penny stock. When they double or increase by more than 50%, I sell enough to recover my original investment and keep free shares....like this, now I have about 27 companies stock worth about 80K$ in free shares....I used Elliot waves, Fibonacci etc etc a few years ago and kept losing money and have abandoned all complex systems.......this simple system works for me. Sorry, couldn’t help more.