Elliottician and TA Thread

Can't resist posting this for all believers and doubters of Elliott Wave Analysis:

Just going through some of my watch lists that I have not bothered with for some months now and noticed that BITS CORPORATION were no longer showing a price. I remembered that they had announced a change of name to Playwize back in the middle of last year and that at the time someone had asked me about them.

Checked out that when I had been asked, the BIT price was 9p when I slagged them off. Put Playwize (PLW) into my monitor and see they closed at 4.625p today.

I looked back at the exchange of posts for this one on 19th and 20th July 2006 (posts 3361, 3362 and 3363).

If you care to take a look I think this sort of proves the value of Elliott Wave Analysis, when it is done right.