Elliott ABC after wave 5

[gharghur2]

Close to a top now, a correction is next.
But will go higher after a good drop.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=62917&perpage=20&pagenumber=3

FWIW

 

[Bitstream]

thats what i mean, u dont really need da ew tarocchi to tell ya that...look at da first wave correction of 50points or so....somethin' like that cud happen, nothin' really drastic...yet i trust u didn't see that comin', innit[?]

 

[frank grimes]

this entire board is bullish... I say we sell off fro RIGHT HERE.. high on the spooz is 1320 or so.. we sell off down t0 1240 ish quickly.

 

[der_kommissar]

Quote from frank grimes:

this entire board is bullish... I say we sell off fro RIGHT HERE.. high on the spooz is 1320 or so.. we sell off down t0 1240 ish quickly.

Agree, a regular old sheep's convention around this place.

 

[iagree]

Quote from watchdaride:

I have been studying elliot wave for the past month or so. I know you either love it or hate it . The only part no explains properly is after wave 5 is complete how do make the difference between ABC correction and a new wave in real time .Is there any quick explanations on how you read it or maybe a good book that explains it in more detail ( ABC) . I am reading neely's neowave book now but you need to be a rocket scientist to understand that book.

Don't exchange NOTHING WITH THIS GUY. HE RIPPED ME OFF. HE SAID HE HAS THINGS TO EXCHANGE AND THAT WE WOULD TRADE, BUT AFTER I GAVE HIM OVER 10 OF MY CD'S AND DVD'S ON FOREX AND OTHER TRADING MATERIALS, HE REFUSED TO SEND ME NOTHING. HE IS DISHONEST. HE IS A LIAR AND A THIEF.