Search results
-
S
Perfect Wave - 2012-1/2
Wide Tailz - Thanks for commenting. Believe it or not, I don't give a shxt on any fundamental analysis. Ironically, I used to be doing and writting a lot of fundamental analysis, and I knew that it was just like writing some stories because people wanted to read stories. I strongly agree... -
S
Perfect Wave - 2012-1/2
BoyTrader - Thanks for nice words. The purple lines are my preferred wave counts, while the grey ones are the alternative counts. Of course there are numerous possible wave counts out there, and different people have different preferred counts. I trade to the direction of the purple line... -
S
Perfect Wave - 2012-1/2
bwolinsky - I have extensively played system long time ago, I wrote tons of systems with TradeStation, I did backtesting 24x7, and then I threw all my systems to trash can. What I want to tell you about backtest is ... been there and done that. If you are asking some trader who utilizes price... -
S
Perfect Wave - 2012-1/2
MADASINHATTER - I call it Perfect Wave because it is the brand of the series of my wave posts. I could have called it Snowrider's Wave Analysis (but that did not sound powerful). Of course, you can interpet the word "perfect" as anything as you want. The analysis is of some educated guess... -
S
Perfect Wave - 2012-1/2
Thank you Michael. I am hoping that SP does not make any extension from here; otherwise, the extension could go to 1440. Let's wait and see. :) -
S
Perfect Wave - 2012-1/2
4ex - Thanks for commenting. As you know that my prediction is all based on EW theory, sometimes people don't believe something would happen and I don't believe either. If the current wave is really wave-[[B]]-[C]-V-5 (most likely ending today or maybe next wednesday with extension), then next... -
S
Perfect Wave - 2012-1/2
jas_in_hbca - Thanks! Yes some people are saying that the release day of iPad3 is the reversal day of AAPL. Now the wave count for SP is taking the grey line scenario, which it has almost finished the 5-5-5 ... wave. I am thinking that either tomorrow or next Wednesday the key reversal could... -
S
Perfect Wave - 2012-1/2
nim1984 - Thanks for commenting. The wave-E scenario was based on the assumption that wave-D must be in a 3-segment movement. Today's price action shows that the purple line scenario is more possible because our previous wave-D has become a 5-segment wave which means that it is not a wave-D... -
S
Perfect Wave - 2012-1/2
So you see that 1320 did not show any sign of climax or exhaustion ... and I have been updating the wave count every weekend. Now here is just my guess that a big correction is going to start this week. -
S
Perfect Wave - 2012-1/2
johnny2pips - Thanks for commenting and the suggestion. Please take a look the very first post of this thread, and it will give us an idea about the convention of my wave labeling. It is actually much easier to read and much less confusing than that of most famous EW techinicians. Yes, I agree... -
S
Perfect Wave - 2012-1/2
C.3 = 84 (1333-1249) C.5 could be: 1300+84=1384 if C.3=C.5 C.5 could be longer than C.3 (as long as C.3 is not the shortest was in C) If C.5 ends at around 1384, the ideal correction target for C is where the previous 4 ends (C.4, i.e., 1300 area) The ending of C.5 is the ending of... -
S
Perfect Wave - 2012-1/2
02/04/2012 Comments are welcome! P.S., I'll be out of town next whole week and won't be able to reply to any PM or comments.