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They must be really out to get you NOW because the ES is up another +3.25 after the close. :D

John, nothing has really changed. Wave iii of Wave 5 appears to have peaked in the DJIA on the 16th, and a "corrective" (b) wave which zig-zagged upward into yesterday's DJI trade above 14,000 has been followed by a five-way (c) down of Wave iv into today's intra-day low at 13,823.93 which...

Why does he need to explain himself to an anonymous internet poster that has admitted that he has used a dozen or so aliases on ET? You are hysterical. :D

Understood. My point is that it goes to his character and how he handles himself . . . and the hypocrisy of looking for only what he wishes to "see" and believe. As a result, a "balanced" and "objective" discussion is not a realistic goal with this individual. It is a waste of time. And...

Trading back under the 13,875 level is significant. The SPX back to 1538 is simply the first fib retracement (38.2%).

You really have a great difficult admitting that you are WRONG. It is clear for everyone to see. Paul Tudor Jones is quoted by Jack Schwager in "Market Wizards" on Page 130 attributing much of his success and approach to the use of Elliott Wave Theory. Instead of admitting that you were...

Agreed 100% Oh, the hypocrisy of it all . . .

Zapper . . . Or is it still Rubber-Bird, or RubberBong-Hit? Shouldn't you be working on yet another "The S&P Has Topped Thread" for Baron so as to keep the web-activity up on ET? You make .05 cents for everytime someone posts on an ET thread, right? Great source of income, my friend. Keep...

Surf, I have not spoken to PTJ in ages. Thus, I am unable to comment on what he currently uses regarding trading methodology. My guess, is that he is still very much of a technician, employing all sorts of historical data "set-ups" and analogs. But that is just an educated guess on my part...

That's because absolutely NOTHING has changed on ET. The same pathetic posts by people that never trade. You, of ALL people should know about that. Being a free website, it's what gives ET the only value that it can possibly have . . . that of being a tremendous Contrarian indicator. :D

This pretty much sums up the entire discussion for me, especially the point that you make in calling "rcanfield" a hypocrite. Last week, I started a thread on how Elliott Wave is predicting 1559.09 as the top of this latest rally given the rules of equality in which Wave 5 often equals the...

Zapper, I actually have to agree with you on that last point. That guy is one piece of work! Simply unbelieveable. :)

He has no money. He is a paper trader. But he's really good at "cut and paste" though. Yawn.

I understand that. But I am also very much aware that NG is in a DOWNTREND and that trumps any fundamentals that people wish to use at this moment to rationalize what they think may happen in the future . . . As Trader Vic once said, "Observe what is happening, and assume that it will...

Just to get people to "bite" and pull their "chains" . . . The fact that this thread has gone on for 20 pages with hardly a "supportive" post by Mr. Canfield until nearly 18 pages "in" should tell you that. Quite typical.

Everything that you have mentioned above is already well KNOWN by the marketplace.

Agreed 100%. :p

Natty continues to act horrible. 6.376 close today. Trading under last Thursday's low at 6.301 will offer more confirmation that we have entered Wave 5 to the downside. As it was, today's Auggie low was 6.314 No need to bottom-fish.

Yep. On the 60-minute chart, the DJI has traced out a nice A-B-C-D-E Wave (IV) correction with the (E) ending the correction at 13,435.45 on July 11th. Since that low, we have seen a (i), (ii), and (iii). What is less clear is whether or not we have started a (iv) yet in the DJIA...

Mini, This horrible breadth in the market is quite typical of the 5th and final wave of this advance, before we see a multi-week/month correction of this sequence. Today, the SPX simply traced out a wave (iv) correction. Ideally, we should see one more push back up THRU last week's high...