Hi Orwell, I certainly agree with using Elliott Wave on the big...

Hi Orwell,

I certainly agree with using Elliott Wave on the big picture and it seems to work really well on the XAO/XJO monthly.

EWT was certainly a Godsend to me when, back in 2003, it gave me an epiphany about our market that encouraged me to go all in, "with my ears pinned back", and get out very close to the top before the expected 50% fall, which took me from a then financially insecure unemployed, to a now very comfortable self-funded retiree. That may have been a once-in-a-lifetime thing, who knows.

Upon reflection, "hostile" might not have been the most appropriate word to use in my previous post. Anyway, if you'd like a bit of a challenge:
http://hotcopper.com.au/threads/wee...ovember-2015.2634079/page-20?post_id=16348873

My initial posts about ANZ were made after a cursory look at gj0201's charts, and before I'd examined them more closely. However, in general, the banks do look to me like having just completed a wave 4.

I'm also not expecting CBA to go for a powerful drive up, but with luck it might limp up to $107 over the next 2-3 yrs.