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Looks like the market wants to retest the upper channel line

Thanks ammo. I also saw that blog about a month ago, but I did not have time to follow it. Did you find his forex forecast good?

I’ll learn more about LD ED stuffs. I also found overlap pattern is quite interesting under other circumstances. Trying to learn more.

I guess a clean E-wave chart is supposed to be like that. But it's better to hear you experienced Elliottians' comments on these rules :)

(detailed) Elliott Wave Rules and Guidelines http://www.geocities.com/WallStreet/Exchange/9807/Charts/SP500-Articles/EWRules.htm Found this from a web site. I guess it's hard to follow every detail on every chart, but those are the rules. See what you guys think :cool:

Oops, now ES comes down quite aggressively.

saw another version of reading the market written on Apr. 14

will this channel still hold?

Hi Tras, I think you make good points. So don't worry about one or two guys' opinion. Good trading

Looks like SPX will test 875 resistance tomorrow.

Just post here exactly what they say, then we'll tell you what the hell they are talking about :D

I wonder if it can be called wave-4, since it's longer than wave-3 already. :confused:

We hope most traders think so. Otherwise, E-wave would become useless :D

Hi Mup, did you trade USDCAD today? When you have time, can you take a look at the USDCAD chart and see if I labeled the waves correctly? Thanks.

Dow Jones Industrial daily is moving in a channel (while SPX chart doesn't show it).

A double zigzag for EURUSD seems to be underway.

Nice to get this info, Thanks eric.

As far as I know some people read Prechter's book and get the basic idea first and then read Neely's book. I think Neely has contributed valuable findings under Elliott Wave framework and made the method better for trading. I've also seen other E-wave followers contribute new findings or...

I bot Glenn Neely's book about 3 months ago. I think it's worth the money.

Tricky! Then how do we know which number is reliable and which is not? Or should we just ignore the economic data :confused: