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05/05/2012 Comments are welcome!

05/01/2012 Comments are welcome! So ... possiblly an ending diagonal triangle is forming.

Wide Tailz - please see my next post.

ammo - You are welcome, and thanks for reading and commenting.

LOL ... cheer up man ... I have been losing money in this corrective wave. A trend will eventually come back.

04/28/2012 Comments are welcome!

Wide Tailz - Thanks for commenting. I am nervous too because the market won't let people make money so easily. See my purple line wave count has a wave-2 in a bull trap formation. I would like to see a pop before the market starts moving down.

04/21/2012 Comments are welcome!

Sixer - Thanks for sharing your thought! Yes, yours is a valid and good count. I have had similar count before changing to the current one. If we count that way, the wave-IV (your (4) wave) could also be counted as a flat. See the following old post: And your count:

EliteThink - Thanks for sharing your thought!

04/14/2012 Comments are welcome!

ScalperJoe - Yes, that is a way of counting this if we predict that the downward movement is in ABC mode. Another way of counting this is to treat the 5 down bars as wave 1 of the downward movement, so we just about finishing wave 2. There are many other ways of counting this. My trading...

toc - The successful rate of my purple lines (preferred counts) is about 50% (half-half), so it is nothing special and nothing significant by simply following my purple lines. However, the good thing and advantage of using EW for trading because it provides some strict rules so that we know...

toc - Thanks for comments. Yep, that is a fic ratio retracement, but my timing was not right about the year end.

ScalperJoe - Thanks for nice commenting. About the 960 area target, it is just at a 0.382 fib ratio from 2009-03 lo to the recent hi. I would like to take back what I mentioned last time about the timing of the end of this year. I mentioned that because I wanted to load something for next...

busted - Thanks for commenting. Yes, I agree with you (kind of) that EW "is very complicated". But I would like to say that it is very easy to use in trading (because EW has some rules for validating a wave). About your question if "we are still in the wave 4 from peak of 2000", that is what...

ScalperJoe- Thanks for sharing your thought. That scenario is a good and valid one. Please see attached wave count. Your wave count is labeled there as [A][B][C][D][E] in green line alternative count. Currently my preferred count is that a wave-[[B]] (which is your wave-3) has ended, and a...

04/07/2012 Comments are welcome!

03/31/2012 Comments are welcome!

jas_in_hbca - thanks for posting. That is similar to my original weekly wave count. I just posted an alternative count.