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Showing posts with label PAL vs. EUR/CHF - Look alikes.... Show all posts
Showing posts with label PAL vs. EUR/CHF - Look alikes.... Show all posts

Monday, December 30, 2013

PAL vs. EUR/CHF - Look alikes...


               
PAL - North American Palladium Ltd.
EUR/CHF
 
 
Eric asked me of my opinion of PAL (North American Palladium Ltd.) I have not made an Elliott wave count on the charts, but the chart of EUR/CHF will give you a pretty good idea of whats in store for PAL in the months ahead.
Of cause it doesn't have to be an exact copy of EUR/CHF, but then the outcome till now have been pretty much that.
 
So expect a move closer to 1.00 followed by a prolonged sideways consolidation before the next rally higher.