Search results

Sell into the fifth subwave of the fifth subwave of the fifth down wave is not a good policy :( . The Big Bear Trap may be waiting :confused: .

It seems elovemer has precisely describe the Market action in advance :cool: . UP to 855-858 first .... DOWN to 838 .... then bloody :eek: ...... :D .

NASDAQ leaded the Markets below October 28, 2008 low, SPX followed, then all hells broke loose :eek: :mad: . Edit: 265, 28, 18 points to target :) . Dow target should be changed to 7800 . Note the characteristic Final Parabolic Curve. DJIA 7,994.09 -288.57 -3.48 8,410.73...

Thanks alphadriven, EW tells us whatever the Market can do :) . If we follow the Market objectively enough, we will get the right answer in time to take the right action :cool: . Right now we are at the pivotal point between a 600, 60, 120 points UP and 500, 50, 100 points DOWN move, we must...

There may be wave 3)4.d:cv.v DOWN to 8215 ,845, 1490 :( , before the rebound :) .

Elliott's 2012 End of Grand Supercycle may be right :cool: . We are seeing Giants falling one by one :eek: . GM is at 60 years low, i.e., 1949, just at the beginning of the last Supercycle Wave. Why GM can't survive bankruptcy Some companies use the courts to reorganize and come out...

If October 28, 2008 (28, 27, 24) low is broken we have to re-label the present wave as 3)5.3 or 3)5.1:3 and this Bear Market may end at 7700, 800, 1400 or 6200, 650, 1100 :eek: .

A complete ED at target 8300, 850, 1515 (8265,850,1499) means a significant rebound to 8640, 900, 1600 :) . This may be Wave 3)5.4 or 3)4.e. The latter may go on to 9158, 952, 1680 :D . The former may send the Market to 7700, 800, 1400 :mad: . Edit: Same target as ed's :cool: :D .

It turned out to be a FALSE BUY Signal :mad: . Wave .v showed up at last :) . Better late than never :D . A measured move will send the Market to the last target. SPX Wave .iv is an expanding triangle. DJIA Wave .iv is a zigzag. NASDAQ Wave .iv is a running correction.

Sometimes we don't see wave 5. Wave 3)4.d:cv.v may be an ED, and we are entering wave 3)4.e :eek: . Trendline break, UP, will be the first BUY signal :) . Wave 3)4.d:ciii.iv of a lesser degree surpassing, will be the second BUY signal :D .

Wave 5 is treacherous :eek: . Sometimes we see it :) .

We may be in Wave 3)4.d:cv.v:ii now :eek: . The fifth subwave :v of the fifth subwave .v of the fifth subwave v of subwave :c of Wave 3)4.d may end at the measured move, i.e., 8300, 850, 1515 :D . DJIA and NASDAQ targets are reached much sooner than expected. SP500 may follow soon. Symbol...

The measured move is reached, but the count is still incomplete. There may be some more DOWNWARD move to go. Edit: Trendline break UP, will spell the end of Wave 3)4.c:d :) .

Although futures are negative, the waves pattern renders some hope for the Bulls :) . There is an impending ED, emerging as the end of Wave 3)4.d with a little bit short fifth subwave v of Wave 3)4.d:c :confused: . We, EWers, always keep alternative wave counts, just in case :D . Target of...

Elliott Wave Purist may buy at the end of Wave 3)4.d:ciii.v:vV using the smallest measured move,i.e., Wave V = Wave III. This is a Diagonal Triangle Type II, 5-3-5-3-5 pattern. Any may sell at the end of Wave 3)4.d:civ.ã:v when Wave :v failed to reach the measured move to wave :iii :confused...

Derrick and those newbies who would like to learn EW, (Unbelievers are not welcome here, we don't like arguments, we have no duty to persuade those EW-antagonists to get the benefit of EW) This is how EW helps with trading: At 11-11-08 01:09 EST, there was a warning that the Market was...

Derrick, Here is a concise one page lesson about Elliott Wave Theory by Investopedia Staff, (Investopedia.com) (Contact Author | Biography) http://www.investopedia.com/articles/technical/111401.asp Here is one sentence EWP; "The Market moves UP and DOWN as somewhat equal waves, 5 waves...

Next DOWN wave will be the fifth subwave of fifth subwave of the third wave at measured move :) . Note EDlike structure :D . There should be a small rebound UP soon, followed by another big DOWN wave :eek: .

The most Bearish count will send the Market to 8400, 850, 1550 :D .

The last bullish count for today is a 1-2 count with an ED :) . In this count the Market should rebound from the opening low :confused: . Other count is another e wave, which is less likely.