RE: Ophidian/ Endion11 Nov 2018 15:53
right... had a good look now and whilst only scratching the surface I get the jist of what waves are. It makes sense to me as there are patterns in all aspects of life (human psyche, physics and mathematics), most of which we do not understand. I expect news will always change patterns and based on that it will be very hard to base trading decisions on waves unless it is a very stable mature stock perhaps. BMN has a huge amount in the pipe so I imagine there will always be corrections and unexpected events affecting any theory, but I find this fascinating and will look into it further, thanks for your detailed explanations.
The interesting thing is I looked the theory up, looked at the 3 year chart and identified a wave pattern and also some smaller patterns, at this time I had not reread your posts from 29th October, reread and hey presto I agreed with the premise of your theory and timings - much to learn of course.
regards
bassguy