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Selling half of my core LONG positions above 1415.83, and will be totally FLAT should SPX 1439 be reached at any time up/until December Triple Witch.

Just curious . . . Would you be so kind enough to explain your money management strategy given that you are looking for a 5% gain to sell your longs? For example, if you buy a "dip" in the market, what would you DEFINE as a "dip" to get long on in regards to the SPX and what is your...

You need to learn how to read with a lot more CLARITY.

Correction . . . 1378.09 ( 11/28 intraday low ) + 61.09 ( Wave 1 ) = 1439.18 And using the 61.8% fib ratio of 61.09 = 37.75 + 1378.09 = 1415.84

Yes, you are correct. Wave 1 = 1219.29 to 1280.38 Add 61.09 to the 11/28 low of 1378.09 for Wave 5 objective should Wave 5 = Wave 1 1439.18 And, a 61.8% ratio of Wave 1 would give a Wave 5 objective of: 1415.84

Agreed 100% And I couldn't careless if there are some posters here that don't realize that it is one tool of several tools in a technician's "tool-box".

You are awfully late to the party. We are already well into the 5th and final wave of this really phase that started this past Summer. I wouldn't want to be long these markets after the first week of January, let alone if 1439 is reached. 1439 is the target should the first leg up off...

to finish this entire rally sequence up from the Summer low. Wave 1 = 68 points in the SPX Now that we have recently concluded an A-B-C Wave 4 with the low coming in at 1377.83 last week ( and the "B" wave having made a new high ), one can simply add 68 points to that low of the C-leg in...

End of Wave 4 and the A-B-C correction was at 1377.83 Add 68 handles ( length of Wave 1 off the lows of the Summer ) to last week's 1377.83 and you obtain an ultimate target of 1445 for the top of this rally. This is a classis, measured-move in which Wave 5 = Wave 1. Just to play it...

Not necessarily true at all. Now that we have the end of Wave 3 on the SPX chart which was followed by a pretty simple A-B-C Wave 4 correction in which the "B" wave made a new high, before correction back into the 1377.83 low, all one has to do is take the length of Wave 1 from back in the...

That "double-bottom" was simply an A-B-C correction in which the B wave happened to make a new high. Last Friday's late buying and the follow thru into today is the beginning of the 5th and final wave/leg up on the Daily SPX chart. New highs are coming. :)

From an Elliott Wave standpoint, the market simply completed a nice big A-B-C correction in the past week or so, with the lows of late-last week coming right back into support. Late Friday's rally and today's action is the beginning of the 5th and final leg up. New highs ahead for the...

And let me guess, you continue to spend everyday of the week posting on ET because you feel like a Veteran trader and it helps feed your insecure Ego? How absurd.

This thread is pretty funny, with all of the PPT conspiracies and fund manager BS. Try some goold old fashioned short-covering + beginning of the month programs hitting the tape "indexing" funds into the market. No big mystery.

October 11th and November 28th, the latter being more significant. See chart in weblink: http://www.amanita.at/e/e-new.htm

This thread ( as is most of ET ) is one big egotistical joke. The emotional energy that is being spent posting back and forth surely cannot be anything more than a "distraction" from what most real traders do . . . trade! Good Luck.

Look at the action of the dollar today. Foreigners see our market as "cheap".

I would tend to agree. Although I wish no ill-will towards Pabst personally. The bottomline is that this thread showed no constructive premise to begin with, aside from a casual mention of a technical "measured-move". Instead, it was filled with a lot of ego and perhaps a cry for help...

From the Associated Press "A senior congressional aide said Wednesday that he alerted House Speaker Dennis Hastert's office in 2004 about worrisome conduct by former Rep. Mark Foley (news, bio, voting record) with teenage pages — the earliest known alert to the GOP leadership. Kirk Fordham...

So many "novices" to the trading game make the MAJOR mistake of correlating economic activity with stock market performance. This is a liquidity driven market. Plain and simple. :)