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Status: Sold at the Bull Trap when there is a fifth wave down :mad: . Bought back at close near top of wave .i :) . Strategy: There is little margin of error on the down side which will make the Market go down a 300, 40, 50 points measured move :( . The upside potential is 250, 25, 200...

Hit target at the beginning of wave five which should be 150, 15, 30 points long. Hold on to long positions. :) Hope this is not a Bull Trap. :(

Target reached and a lower low. Take profit on ST long position. Buy back when there is a higher high.

Wave :1 ended quite close to target. :cool: Next two target given. :) May 14th, 2008 .2= 12270.79 1324.35 2266.29 :1= 13132.21 1422.72 2499.1399 <- (.v?= Target) :2= 12716 1384.11 2429.03 .3:3v?= 13577.42 1482.48 2661.8799 :3i= 12903.9902 1406.01 2491.02 :3ii= 12787.8896 1396.26...

Fifth wave of a higher degree and 60% retracement near the left shoulder to be. Open ST long position for a gambling. :) Prepare to cut loss early too. :(

Fifth wave down at support level. There may be some rebound soon, but it needs more time to form a r-sHs. May be, the Market will go side way for today.

Status: ST long position closed at Thursday high and end of fifth wave as said. Now hold LT long position. Strategy: Five wave up is usually followed by another five wave up. :) The set back is a little bit to small, so there may be further set back to wave four and the last of Thursday low...

The Market rebounds as expected. :) Fifth wave of the up move near Thursday high (Wednesday High for NASDAQ). There may some set back soon. :( Take profit on the ST long position when there is a lower low, buy back at 38.2 - 50% retracement.

Next move down may be wave five of wave c, then a rebound may follow. Status. Bought at support, sold at +70, +7, +14 and Bought again at fifth wave count near support. Now hold long positions. Strategy. Close LT long position for good and play the short side of the Market, if the next...

The fifth wave of fifth wave now. Some rebound soon.

Is this an Ending Diagonal Triangle or a Diagonal Triangle Type II. The former will make the Market rebound, :) the latter continue down trend. :(

The Market rebounded from the 38.2% Fibonacci Retracement. :eek: May be it is ready to roll. :) If next wave is .3:3 it should be very strong. :D If it is an ending diagonal as Mup said it should be weak and shorter than +800, +80, +160 points. :( If the upward corrective move had ended, the...

The long term chart is still OK :) . But the Market is going down again :( . Will the "W" pattern confirmation fail or will it work? :confused:

Should buy now, "W" pattern confirmed.

"W" pattern if confirmed will be a good buy signal.

"M" pattern confirmed. This may be a bigger wave than expected. May be wave .4 or :2. :eek:

It is a descending wedge or Ending Diagonal Triangle, isn't it? If it is, this should be a buying opportunity, :) when there is a higher high. If not :( wait some more and re-count.

The Market rebounded from Mup's target (1396.5-7) :cool: and met resistance near +200, +20, +40 points as said. Now Reverse Head and Shoulders pattern is almost complete. There may be a turn around soon. :)

Fifth wave on the up move. A good sign of the Bulls. :) But there may some resistance at measured move +200, +20, +40 points from today low. :(

Measured move reached, but wave count is questionable. :confused: