I've been considering your Elliot Wave analysis. I have done a heap of study on EW's - and the more I do the more I feel analysis is open to interpretation.
Feels right that we've had the first cycle 1 and 2 of the larger five up.
Or we could start the count from recent times.
Whatever ... the recent chart since December 20, 2010 is what really interests me. Obviously we've had five up and now an a,b,c correction.
I have b at 50% for 5.7c, or 62% at 6c.
Be nice to think we get a at 4.6c, b at 6c, and c at around 4.6-5c again.
If so it'll bode well for the future, especially if the corrective wave supports at the 150MA or similar(4.9c currently).
Regards
UXA Price at posting:
5.0¢ Sentiment: Buy Disclosure: Held
