Re: retracement
in response to
by
posted on
Aug 08, 2008 08:06AM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
First off isnt elliot wave going based on impulse buying and selling. Considering the news we have been getting (all positive) and the lower sp, im thinking it is some form of elliot wave going on, some type of impulse selling. people are getting scared of sp going down so they are selling and further dropping the price.
I just wish i would have waited a little longer to load up more instead of buying at 1.80.
Today would be a good day to buy.
Come december we should be seeing sp around 2.50-3.00
and come june 09 im thinking 3.00-4.50.
I can finally see the sp has a great potential to rise
Jeff