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Inkine Pharmaceutical Co. (INKP) Message Board

  • fbonet99 fbonet99 Dec 13, 2002 3:00 PM Flag

    Elliot Waves - INKP

    Current Trading Positions for Inkine Pharmaceu (INKP) Daily on 11-
    Dec-2002

    * A Minor degree trader (hold positions from weeks to quarters),
    would currently be trading long in this market. The probability of
    this Target Area being correct is 60.5%. However, the random
    probability of this Target Area being correct is 45.0%. So the true
    probability of this Target Area being correct is 34.4% better than
    random.

    * An Intermediate degree trader (hold positions from months to
    quarters), would currently be trading long in this market. The
    probability of this Target Area being correct is 85.7%. However, the
    random probability of this Target Area being correct is 64.1%. So
    the true probability of this Target Area being correct is 33.7%
    better than random.

    Extensive Elliott Commentary for Inkine Pharmaceu (INKP) Daily on
    11-Dec-2002 with two incomplete patterns:

    Wave C of the Minor degree inverted Zigzag with a rating of 97.3 is
    expected to complete in the price range 2.09 to 3.81, but more
    probably between 2.45 and 3.09. This wave is due to complete anytime
    from now until 16-Dec-2002, but is most likely to complete before 16-
    Dec-2002.

    This wave C will complete the ZigZag pattern.

    This is the final wave in the pattern. When complete it will also
    complete wave (Y) of the Intermediate degree inverted Double 3 with
    a rating of 87.9. These two waves have the same target ranges.

    Wave (Y) will probably complete this Double Sideways pattern,
    although it could possibly extend into a Triple Sideways pattern.

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