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December 27th, 2007. Year End Reflection. Our Elliott Wave Trader demonstrated two part of his career. Part 1. 09-11-07 to 11-23-07 was trend-following trading part. Part 2. 11-26-07-12-26-07 was counter-trend trading part. This first gave fair result the latter mediocre one. Let’s...

Position reversed. Because wave a is invaded. Set stop at the last low. Set target at 14000, 1540, 2750.

Fifth wave of c or 3?:confused:

An a-b-c or a 1-2-3?:confused: Prepare to close short position and enter long position.

Half way to target. Wave c is beginning.

Futures points to a weak open. Prepare to close short position at target. Set stop at Monday high.

Short position opened after wave five and "M" pattern just before the close. Set target at 100, 10, 20 correction. Set stop at the last high. Just a gambling. Merry X-mas. :D

Should cover. It is going up as wave five if not down as wave c.

Wave three and four. A good place to short.

Bearish Scenario 2. 4)c.3:1 and :2 have ended. Next is 4)c.3:3. Bearish count is unlikely now. Strategy 2. Open short position when there is a lower low on Monday.

Status. Long position closed at the fifth wave, 5)1.3:3v. Bullish Scenario 1. 5)1.3:3i.iii has ended. After a 100, 10, 20 points correction of 5)1.3:3.i.iv the Market will jump to new monthly high. Strategy 2. Open long position at end of 5)1.3:3i.iv end.

Short position stop out. Enter long position. Set stop at the last low.

Short position opened. Set stop at the last high.

Cut loss at open. Prepare to open short position.

Futures point to a higher open. Prepare to cut loss.

Bearish Scenario 3. Subinuette 4)c.3:4ã ended as a symmetrical triangle. The Market is going down as 4)c.3:5 which may be equal to :1 and :3 which are about 400, 50, 110 points long. Strategy 3. Hold short position to target at ~ 12866, 1410, 2493. NASDAQ reached new two day high, DJI and...

Status. Still hold short position. :eek: Missed the "long" boat. :mad: It was bigger than I thought. :( (Should have followed Landis's advice! :D ) Bullish Scenario 1. Subminuette 5)1.3:1ii is a triangle. The Market is going up as 5)1.3:1iii after Microwave 5)1.3:1iiå ends. Sideways...

Plan to reverse position if yesterday high is broken. Plan to hold the short position to target if the Market is down.

It's time to close long position now because there is a lower low at target 50, 5, 10 points. Edit. The market is going down another 100, 10, 20 points.

"M" pattern completed at double bottom. A good place to enter long position but rebound is to short 50, 5, 10 points.