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Thanks ed, mu. I'm about to change my count :eek: . But the correction is too big and comes down to the fourth wave :confused: . Five waves UP, three waves DOWN to near measured move and 76.4% retracement :) . There should be a rebound soon :D .

Mup pinned down the lows and the highs time and again. Why should there still be question like "Anyone made money using Elliott Waves ? " :confused: ? Edit: 08-28-09 02:10 AM Fifth sub-subwave of fifth subwave of fifth wave :) , swing trader should sell here and buy back at wave :iv :D .

Thanks elovemer, Yahoo's charts are good for wave counting, especially for the very old time, you can zoom in as close as you like. The draw back is "GSPC is not exactly equal to ES". mu. Five waves UP again :) . There may be a measured move UP, after some set back :D .

Five waves UP, three waves DOWN. The DOWN move looked corrective and was at measured move :) . May be it's time for an UP move :D . The red line was broken and the market corrected for 3 days.

elovemer, Don't have to wait :eek: . I've been counting 2003-2007 as a three all along :cool: . mu.

The easy way to do a count is to identify the low and the high in the segment. Divide the segment into two parts and then three parts. If we see a low in the middle and two highs in the two parts with nice 5-waves, then the segment is a three. If we see two highs near the 1/3 and 2/3 lines...

P&F charts turn bullish again :) . Target 10400, 1295, 2240 :D . Note: MACD may cross the trigger line UP tomorrow. RSI may cross the 70% line UP tomorrow.

Critical Error :eek: . The post shoud be; ...DJI 2007 can be labeled as a real top if 2003 - 2007 is a five, and there in no higher top until 2015....

When a five waves series is completed we call it a real top. The next high is usually lower than the first high and is preceded by only three waves, we call it a B. If this second top, which is preceding by a three, is higher than the first top, which is preceding by a five, we call this...

Those outlandish calls :p Wave Equality One of the guidelines of the Wave Principle is that two of the motive waves in a five-wave sequence will tend toward equality in time and magnitude...

A randomly assigned count will send DJI to 130,000 in 26 years (2035 A.D.) or 160,000 in 33 years (2042 A.D.)

Ckessler, Time will tell mu. Note: If you believe the experts, don't waste your time here. Our practice here is: Put up your call, with some explanation if possible. The Market will show you're rigth or wrong in a few minutes, in a few hours, in a few days, in a few weeks, in a few...

...2007=B ......no SPX < 672 ........b4 SPX 15,000 :D . ...2007=A ......no SPX > 1260 ......b4 SPX 515 :mad: T's ........OK .........:confused: . ..... 2000 = RT <- 2007 ^v= ..... IZF ... div ... :p ...etc. ... DJI 2003 - 2007 ~ a 3 ........ :eek: . ....... -> 2007 a B ........ :cool: .

Fifth subwave v of fifth wave 3)3.1:5 :cool: . What's next :confused: . Note: Be-aware of the red lines :eek: .

http://books.google.com/books?id=y7gEG4PQIgoC&pg=PA126&lpg=PA126&dq=Elliott+%22Orthodox+top%22&source=bl&ots=dqNYBk9t0T&sig=U5tKAtxNVdFJPXX4PcRr7SUGqfc&hl=th&ei=Ly-PSuCvG6bu6gOi_6zkCg&sa=X&oi=book_result&ct=result&resnum=2#v=onepage&q=Elliott%20%22Orthodox%20top%22&f=true Elliott wave...

Orthodox Top = True Top of Wave 5 which is lower than the Unorthodox Top of Wave B. Elliott called the 1928 top an Orthodox Top and the 1929 irregular top the B Wave Elliott wave principle: key to market behavior - Google Books by Alfred John Frost, Robert Rougelot Prechter - 1998 -...

elovemer, I think the Orthodox Top occured in 2000. 2007 high should be the B wave. And the 5-wave DOWN was a C wave, which might have ended. DJI 2003-2007 looked like a three. This 5-month UP move may be the beginning of Supercycle Wave V]V). mu.

All the UP moves look impulsive :confused: . SPX 1024 :eek: . EUR/USD near 1.44 again :) . Crude Oil almost $75 :D . Oil surges to 10-month high Intra-day oil prices touch highest level since Oct. 20, fueled by investor perception that a recovery in underway. By Aaron Smith, CNNMoney.com...

The markets are going UP to new high one by one :) . Market News Stocks cheer housing report Aug 21: 10:29a Wall Street advances after existing home sales jump. Dow, Nasdaq and S&P 500 all touch new 2009 highs. Bernanke sees growth in near term. (more)...

The Market goes UP big time this time :eek: . This is the characteristic of the third subwave of the third wave, may be Wave 3)3 :confused: .