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Is this an Intermediate Wave 4) correction? I doubt! :confused: URO/USE = 1.58 approaching 1.7 :eek: USD/JPY = 96 approaching 80 :( ---------------------------------------------------------------------------------- Posted by mu200411 on 08-18-07 07:58 PM: At the ends of Primary Wave...

Yes, Mup. I agree. Mu. This may be time to sell again when there is a lower and get ready to reverse again.

"250, 25, 50 points up and 100, 10, 20 points down" is good for a Bull move (<38.2% correction). But a 150, 15, 30 is still OK, though not as good. A triangular correction will be the best chance for the bulls. Should enter long position around here when there is a higher high.

Now it's time to re-assess the Market. "To go long" or "to go short".

Here is a better place to unload, +100, +10, +20 from down below, at +150, +15, +30 may be even better.

When in doubt get out! :cool: But don't do that at the bottom. :D

Status Sold long "Long position" below wave :i when there was a lower low as said. Enter long positions when support level hold at -300, -30, -60. Short "Long position" closed at the long "Long position" exit near +200, +20, +40. Short "Long position" re-entered at the bad call and then closed...

Next week move depends on how the waves look like this week. If they look impulsive on the upside this week the Market will be up next week. If they look impulsive on the downside this week the Market will be down next week. In fact, looking at the closing price, we might have count the end...

Oh! It's a Bear Trap, at least, for today. :)

A sell off or a Bear Trap? :confused: Bottom fishing is risky. :(

Four Bull Traps in a row!!!!!!!!! :mad: Tough, HA? :eek:

This is a tough call. I should not have done it. If there should be a buying opportunity today, one should be here if there is a higher high.

From here, the Market can go UP or Down 1000, 100, 200 points.

Landis, Mup, We have two perfect measured moves today. :cool: Mu. Status. Short term position reversed below -150, -15, -30 when there was a higher high. Short "Long position" closed when there was a lower low and re-entered when there was a higher high at -200, -20, -40 and a confirmed...

A measured move down or a new high should be a buying opportunity again.

Crude $110 should peak below $114, take care! :cool: Status. Short entered as said when there was a lower low, reversed at break even point when there was a higher high, reversed again at +150, +15, +30 when there was a lower low and again at -150, -15, -30 when there was a higher high...

This week move is +600, +60, +120 and -200, -20, -40. The bullish nature will continue to -300, -30, -60. Beyond that at -1000 will become more likely. Looking forwards to a rebound of +600, +60, +120 next week.

Ammo, Thanks. I will take a look. Mu. Today is an irregular correction with wave c approaching -150, -15, -30 target. Prepare to buy when there is a higher high. Wave .2:biv high should be broken soon, because irregular correction signifies a strong Market.

From here the Market can go UP or Down 1000, 100, 200 points depending on the Support Trendline. A five wave up will be a good sign. There are major resistances at wave iv and wave .2:b are significant. Strategy. Trade the +300, +30, +60 and -150, -15, +30 targets.

Status. Short "Long position" reversed at +300 when there was a lower low, reversed again at -150 when there was a higher high and added to long "Long position" as said. Short "Long position" closed at close near +300 though there was no lower low. Hold long "Long position". Strategy. Open...