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Fifth wave is longer than first and third wave now. Should enter some long position here.

Long position stop out. Today first trading day for 2008 could be both Bear Trap or Bull Trap. The upside and downside potential are great.

Position reversed at double bottom. Set stop at the last low.

Position reversed after open when there was a lower low. Prepare to reverse position again. 60, 6, 3 points to target.

Short position closed at open and long position opened. Set stop at the last low.

Status. Long position closed at the fifth wave of c failure. Short "Short position" reopened. Next measured move may be 4)c.2:cã=13562.9902, 1498.85, 2727.55 4)c.2:dá=13380.7402, 1479.99, 2688.4199 4)c.2:dâ=13428.21, 1485.5, 2701.6001 4)c.2:dã=13245.96, 1466.64, 2662.47 which is near...

Bearish Scenario 3. The counter trend swings are smaller and smaller. They were 70,7,14 points for the last two weeks, making it difficult to trade counter trend. Last month they were 100, 10, 20. The month before they were 200, 20, 40 and before that 300, 30, 60. Looks like a tree swing. Now...

Bullish Scenario 1. Minor 4)c ended as a Triangle. Intermediate 5) rides on the January Effect to new all time high. This is the sixth month of correction, long enough for an Intermediate wave 4). Strategy 1. Elliott Wave Minor Wave Trader should buy a lot of call option here. Sideways...

13 waves up (=5), 11 wave down (=3). Prepare to open short "Short position" at measured move, but keep the long position until stop out.

This time may be a Bear Trap.

Position reversed. Set stop at the last low to reverse again. Thanks Mup. Some says Bhutto doesn't matter!

Fifth wave at the end of fourth wave of a lesser degree. A good place to reverse position again.:) (Only the Dow)

Long position stop out. Re-enter short "Short position".:mad:

Close the short "Short position". Enter long position. Set stop at the last low.

Look like a 1-2-3-4-5 instead of an a-b-c. :confused:

Measured move reached with wave five. Wait for buy signal.

Target reached. Prepare to reverse position if there is a higher high. Target may extend to measured move.

Long position closed. Short position opened at open.

Blunder #10. The long position from 1435 low was closed without good reason.:mad: Our EWMTer should have closed the put option and bought some call at 1435. :cool: Valuable advice and examples from Landis, Mup, Rob, elovemer and Rtstrading would have helped our EWMTer avoid whipsaws, if he...

On December 10th, 2007 everyone in this thread was calling a top of some degrees. Our Elliott Wave Minor Wave Trader should have closed the call option and bought some put option on 12-11-07. ________________________________________ Posted by elovemer on 12-09-07 04:23 PM: ....spx wave...