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I am new to ACD, have read MF's book and went through this entire thread. A wealth of information on here and i certainly appreciate the quality discussions. There have been some comments about ETFs and how they can be used for international exposure, commodities, etc. I was wondering in...

mu200411, we were speaking candlestickes the other day. it looks as though we may actually have an Evening Star afterall on the S&P as of today, which is a Bearish reversal pattern. not only is it picture perfect but meets the qualified definition based on trend, gap up/down, etc...

mu200411, i need to correct--- i state: i think the market is experiencing this exhaustion more so than the contrary to qualify an evening star i meant: i think the market is experiencing this exhaustion more so than the contrary to qualify an "morning" star

Hey mu200411, I hate to play devils advocate after such a nice run on the s&p, but my understanding of a bullish reversal pattern is that it takes place after a material downtrend, where shorts are rampant and possible capitulation is in place. gaps on the down & upside characterize the...

eustaer, Bear in mind that in EW, there are always alternate counts. The huge w4 scenario happens to be my preferred count. If this is so, then naturally, w5 would follow to a new low, unless it truncates.... The other popular view is that SPX 666 marks the bottom of a huge w1 down and we...

Thx for the feedback Ed. Just catching up now after the day. Looking at your past post it is interesting to see that my more recent 1-5 Wave count would constitute your entire Wave 4. An interesting thought. Now if your scenario does play out over time wouldn't it be fare to say that the...

If this is plausible.... What targets are we looking for??? ---neglected to mention that part. -e

Hello Folks I just want to say that I am new to ET.com but am in tune to the Elliot wave discussion. A friend referred me to this site, and must say I am quite impressed by the astute knowledge. Quite grateful...especially to mu200411, mup, ed, Illum, ammo, landis82, etc. Much contribution...