Originally Posted by yogi-in-oz
All well and good to give these "Time points" and easy to suggest that they should be read in conjunction with confirmation from other analysis (Which Ive never seen evidence or examples offered).
I cant see how they can be used in practical trading.
I wonder if its humanly possible for yogi to carry on a discussion and demonstration using PNN as an example (Or any others he wishes to choose) how astro analysis can become a practical trading tool.
Elliot analysis has confirmed that PNN is now in a corrective wave 2 of a higher timeframe after the completion of the minor 5 wave--wave 1.
So until the corrective wave structure shows itself---PNN is not a stock to trade.
Corrective patterns are usually a 3 wave structure but if they extend to a 5 wave structure then the completion of the 5 wave is commonly the first wave of a prolonged 3 wave correction. So its a wait and see.
So for me I'm on the sidelines until price action discloses market sentiment.
Yogi I'm interested in what your position is or would be relative to your analysis either now or in the future?
here is the Chart of PNN which started the discussion in the Trading Systems forum area.
I posted it the CONSTABLE on 28/1/07 as he had an interest in the analysis.
The chart is a whole lot different now of course.