Here's the chart showing my revised longer term EW cycle. The arrows indicate the start and completion of the Waves. IMO we started the 3rd Wave at the start of July. We are currently in this 3rd Wave.
On this shorter time scale EW cycle my intraday sp target for the 3rd Wave is (70p - 30p) x 1.6 + 55p = 119p
I find it tedious continually posting charts, RICH. I've got fed up with posting them. I just can't be bothered. In fact I can't be bothered posting at all. I've cut right back on my posting recently. I'll probably completely give up posting. You only end up arguing with someone like Fidelis on the MTA bb. It's just not worth the hassle. Best I keep my opinions to myself in future. And my charts!!!!
"To shoot me down - you HAVE to post a chart demonstrating your predictions."
With all due respect, mate, I don't have to do any such thing!! I explained my analysis in plain English!! That's good enough for me. I don't agree with your analysis and proffered my own. With all due respect, until I mentioned EWT to you recently, you didn't seem to have much knowledge of it.
I'm not getting into an argument over it, RICH. In fact I'm sorry I mentioned it now. I'll keep my opinions to myself in future!!
Sorry mate I completely disagree with your EWT analysis.
On a longer time scale (you can have complete EW cycles lasting just a day or for years) the 1st Wave peaked in early 2011 at 53p intraday. The 3rd Wave peaked at 75p intraday in early 2012. The 4th Wave dropped back into the territory of the 1st Wave when it fell back to 30p in the summer and hence that particular EW cycle was finished!! Stone dead!!
Consequently we start a new EW cycle. The 1st Wave of this cycle now peaked at 75p intraday in early 2012 having STARTED from the same 5p low as the previous 1st Wave mentioned above and the 2nd Wave bottomed at 30p in the summer and hence we are currently in the 3rd Wave.
By my calculations it's possible that the 3rd Wave will peak at circa 140-150p intraday. I worked that out by mulitiplying the height of the 1st Wave (75p - 5p) by 1.6 and then adding that to the low of the 2nd Wave (30p) to get 112p + 30p = 142p.
Of course this EW cycle might also fail like the previous one, but I'm confident that this time it will complete and my 3rd Wave target sp is a realistic one.
I'm confident that the LOGP sp, with the expected newsflow, will more than double the current 61.75p in the near term.
Theyhave a different approach to fast, they do all the technical work/3d seismics e.t.c and make sure there is value then bring a farm in partner so the risks are lower for the farm in partner which means tpet can work out a better deal, where as fast have had a farm in partner right from the start, names kosmos they had to do all the 3sdseimics and technical work so the risks for komos were greater hence the deal would be as good. both have advantages and disadvantages but i prefer tpet. sorry posters for taking about other stocks. now i really must get to the gym gl again
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