Search results

Wave Count

Wave Count - SP

Wave Count

I got a lucky number:

Wave Count

Wave Count - SP

Wave Count

Typo: "... bug into ..." -> "... buy into ..."

1a2b3cppp - I will follow my guess and bug into dips when it reaches the first node (purple line). I will continue buying if unfortunately the market goes deeper to the grey line's first node. If that bad situation happens, I will try to unload when the market bounces back to the second node...

1a2b3cppp - Thanks for commenting! The movement has "two possibilities because one is a preferred wave count (the purple line) and the other one is an alternative count (the grey line). There are infinitely many possible wave counts, but I only draw two possible counts based on my guess.

Wave Count

Wave Count - Long Term

I am starting a new thread for 2012's 2nd half year, including EUR, SP, Gold, and JPY. My previous wave counts can be found from: http://www.elitetrader.com/vb/showthread.php?s=&threadid=233839 Elliott Wave reference can be found from: http://en.wikipedia.org/wiki/Elliott_wave_principle...

Wide Tailz - Thanks for sharing!

Wave Count - SP Intraday

Interesting!

Yes, today's price action was very bearish. If we don't see a reversal bar on Friday to stop the bearish momentum, the market will really start the big wave-[C] to ... maybe 960.

Wide Tailz - Thanks for sharing! Today GC's close did not look good to me. If GC fails to move above today's high in next two days, its selling pressure could become heavier and heavier.