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[QUOTE]Originally posted by bond006: [QB] ELLIOT WAVE Wave Analysis for XKEM... Actually I see a major Wave 3 coming up. The initial run up was perfectly alligned with a full minor 5 run. The major wave 2 down was completed with a three-part minor corrective ABC wave. If this plays out, it's one of the most perfect examples of an Elliot Wave I've ever seen. It also indicates that Wave 3 is on the horizon and given the intensity of the swings down, it could indicate the same momentum to the up side. Here's an annotated chart. http://www.richmond.com/bdc/xkemwave.jpg Interested in what others think. :D [/QB][/QUOTE]
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