Where We Stand Now
06/30/2011
Q - Why is SP's preferred wave count in daily chart a bearish one for semi long term?
A - A convincing answer for general public is the google result of "stock seasonal trend". However, to us EW believers, the real answer is that a super bull (wave-[[[V]]])...
06/29/2011
Comments are welcome!
Case-1: C D [[D]].[C].E 1 2 3 4 5
... to resume the bearish move
Case-2: C D [[D]].[C].E A(abc) B(abc) C
... to form the R shoulder of a huge H&S top
Case-3: C D(abc x abc) [[D]].[C].E(12345)
... to peak at around 1386
I would say true. At least, to me the following is true:
Relying on indicators equals to losing money.
Therefore, you won't see any indicators in my charts.
05/21/2011
Many people ask me which color my preferred count is. Now I start labeling that again but with an easier way. The purple line is my preferred count. The wave in gray is the alternative count. Since things change all the time, current view does not reflect the actual view in the...
Sorry to hear about that. Youl could have made huge profit rather than ...
I started reading Pretcher's analysis about ... like 17 years ago. I stopped reading that after 2 years because I found out that Pretcher and his team did not understand/interprete wave patterns correctly.
It...
Hi toc - Thanks for the compliment. I used to trade CL. I stopped trading that because it required rollover every single month. Same reason for other commodities, I used to trade everything, but it made me too busy to take care so many items. Now I focus on trading only these four contracts...
Hi BlackBison - I don't use any EW specific software (even though I use TS for other purpose). I draw these chart manually with free online charting tool:
http://www.freestockcharts.com/
I am starting a new thread for 2011 Q2 (Apr - Jun), including EUR, SP, Gold, and JPY. My wave counts of last quarter can be found from:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=212872
Elliott Wave reference can be found from...