Elliott Wave: Wave 5?

[waggie945]

Did we just end a "classic" A-B-D-E Wave 4 on the Dailys?

Is this the beginning of a Wave 5?

Any thoughts?

 

[maxpi]

Is wave 5 where western civilization goes off the edge of the world and we all invest in bullets and farmland?

 

[jem]

Wait, first I must accept an offer on my house so I can be in cash.

 

[waggie945]

No, Wave 5 is when the government "pumps-up" GDP on lots of defense spending because we "fear the enemy".

 

[ttrader]

Quote from waggie945:

No, Wave 5 is when the government "pumps-up" GDP on lots of defense spending because we "fear the enemy".

And the enemy is wave 5 ...


ttrader

 

[maxpi]

Quote from waggie945:

No, Wave 5 is when the government "pumps-up" GDP on lots of defense spending because we "fear the enemy".

I feared the enemy when they screwed up the twin towers but now I think they are slightly comical. Wave 5 must be where we wake up from our analysis induced slumber, realize it is all bullshit and kick some ass.

 

[MRWSM]

We've been in wave 5 for some time now, some counts show 5 is done and I admit it is getting more probable. I'll keep that in mind but for now here is my current count.

Wave 51= 19.76 on 10/9/2002
Wave 52= In Progress
Wave 52A= 28.79 on 11/29/2002
Wave 52B= 23.32 on 2/13/2003
Wave 52C= In Progress


For a chart and a complete count visit:

http://www.geocities.com/wallstreetmoney1/Ewave.html

 

[maxpi]

Quote from MRWSM:

We've been in wave 5 for some time now, some counts show 5 is done and I admit it is getting more probable. I'll keep that in mind but for now here is my current count.

Wave 51= 19.76 on 10/9/2002
Wave 52= In Progress
Wave 52A= 28.79 on 11/29/2002
Wave 52B= 23.32 on 2/13/2003
Wave 52C= In Progress


For a chart and a complete count visit:

http://www.geocities.com/wallstreetmoney1/Ewave.html

Right, and if it turns out different you will say "oops, this wave way back here wasn't really a wave at all"

 

[WDGann]

I thought this was a B Wave on a A-B-C retracement wave...

He he he...

 

[maxpi]

I just did a google search on backtest and elliott wave looking for some backtested results. Guess what, so far I'm not really finding "backtested results" and "elliott wave" on the same page. I of course being an unbiased seeker of truth will keep on trying to find that, endlessly.