Saturday, April 1, 2017

How'd I do with [PLUG] ?

In this post I provided the predictive model below for shares of Plug Power (ticker:PLUG):

I did not catch the exact bottom of the B wave - it turned into a falling wedge instead of a more simple zig zag correction.  But then the C wave took off just very similar as per the model.  This is a good example of how even the best Elliotticians can get it wrong because, while the herd did need to retrace upward as expected, it has choices and options on how it will get there. 

Even with the ever present potential for this sort of wrinkle, nothing that I have ever seen even comes close to matching Elliott wave analysis for both accuracy and granularity of calling the turns in stock movements.

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