the banks stocks set to collapse>>>

elliott wave analysis system

extensive Elliott Commentary for ANZ (Daily) on 31-Jan-2003 with one incomplete pattern:

Wave (b) of the Supercycle degree inverted Flat with a rating of 109 is expected to complete at a price no higher than 10.717, but more probably between 3.047 and 9.39. This wave could complete anytime between now and 21-Sep-2012, but is most likely to complete sometime between 18-Jun-2003 and 22-Nov-2005.

After wave (b) is complete, expect the market to continue up into wave (c), which should be a five wave Impulsive pattern. Expect wave (c) to retrace wave (b) by 84% - 179%. Wave (c) can also be expected to be 77% - 179% of the price length of wave (a). The expected time for wave (c) to complete is 53% - 249% of the time taken for wave (b) to complete and 23% - 85% of the time taken for wave (a) to complete.


Current Analysis Settings:
Analysis Date Range: 01-Jul-1996 to 31-Jan-2003, Label Range: 15 - 50, Preferred Count Labels: 16, Min Rating: 75, Stocks toggle ON, Bias Towards Beginning of Data: 8, Bias Towards Major High/Low: 8, Largest Degree Wave Filter: Any Pattern