Thanks D.S. I just think it is a bit too early to tell , and too many outside factors to be resolved . Just to remember , the Elliott wave has about %70 success . And this could be a slow and sneaky trend , with some early bumps before establishing itself . I'm O.K. with that because if it does form an Elliott wave we have to identify leg one, and take some profits , as the retracement on the Fibonacci could be as much as %60 to %80 . For example on the monthly chart it went from .24 to $2.00 and then retraced to $1.00 . Then leg three " which is always the strongest leg " went to $4.00 . So if it does go in to an Elliott wave we need to be careful so as to gain maximum benefit . As I am not an expert in 'Technical Analysis ' I subscribe to Daryl Guppy , this helps me no end . I think we are in "Time Correction" at this stage and it should break out soon....
MRM Price at posting:
39.5¢ Sentiment: Hold Disclosure: Held
