Ewj: elliott wave

[mu200411]

Status.
Hold long positions.
Scenario.
Market may advance 250, 25, 50 or 800, 80, 160 points.
Strategy.
Hold long "Long positions".
Trade short term positions as the days before.

 

[Landis82]

Could see some resistance at the .618 of the first move up which would target the 1384 SPX area.

A "measured-move" of 101 points would obviously project much higher . . . roughly 1420.

 

[mu200411]

Status.
Short "Short position" was opened to square the short "Long position" at i.v.
Strategy.
There may be a 150, 15, 30 points correction followed by a 400, 40, 60 points advance to 1390 (near Landis's target) some more correction then an advance to 800, 80, 160 to end at 1420 (near Landis's 2nd target).
Cover short after the first correction. Close short "Long position" at the first target.

4)c.5= 11645.6299, 1270.05, 2202.54
5)1.1:1= 12485.5098, 1368.5601, 2408.22
5)1.1:2= 12115.5596, 1322.26, 2306.6399
5)1.1:3= 12955.4395, 1420.7701, 2512.3199

 

[Landis82]

Quote from Landis82:

Could see some resistance at the .618 of the first move up which would target the 1384 SPX area.

A "measured-move" of 101 points would obviously project much higher . . . roughly 1420.

Looks like we got to the 1384 SPX target (1385.80 actual) before tanking . . .

Wow.

 

[mu200411]

Landis got the high (1384) again. Bravo!

Are you Kevin Landis?
Firsthand Technology Innovators Fund
Kevin Landis is Firsthand's Chief Investment Officer and currently manages five Funds, including Firsthand Technology Value Fund, Firsthand Technology ...
www.firsthandfunds.com/index.cfm?fuseaction=tifqx.main -

So this is why your Funds are very profitable!

 

[mu200411]

Status.
Short postion covered at -100, -10, -20 when there was a higher high. Short "Long position" reversed near Landis's 1384 target when there was a lower low and reverse again near close, at the fifth wave count when, there was a higher high.
Strategy.
Minuette :4 should not invade Minuette :1 territory. Expect a 100, 10, 20 rebound followed by some corrective waves, may be a triangle, 1 - 2 days, then a jump to yesterday second target at
5)1.1:5= 12955.4395, 1420.7701, 2512.3199.
Reverse the short "Long position" if rebound is significant.
Consider close long "Long position" if 5)1.1:1 high is broken.

 

[mu200411]

And a-b-c or a 1-2-3?

 

[elovemer]

.....two daily low bars.... accumulation... just like august low.....

Quote from elovemer:
..... how about my 5 waves down on daily now ?
...... complete.....
.....let's see if it holds.....for some kind of a bounce on daily
.....daily and 4 hour stoch looks similar to end of LAST 5 waves down on daily

 

[Landis82]

Be careful up here.
1378 SPX is where the 21-day MA is coming through. Stay nimble!

 

[mu200411]

Status.
Hold long "Long position".
Short term: Cut loss when there was a lower low. Buy at -200,-20,-40. Reverse at +300, +30, +60. Reverse again at -100, -10, -20. Open short position to match the short "Long position" near Landis's 21-day MA at +200, +20, +40.
Strategy.
Close short position if the Market rebounds.
Set first target at
5)1.1:5iv= 12479.5703 1359.45 2355.8401
5)1.1:5v.ii= 12542.8096 1367.12 2374.9399
5)1.1:5v.iii= 12702.2998 1385.28 2403.46
5)1.1:5v.iv= 12582.5596 1371.51 2382.1101
5)1.1:5v.v= 12742.0498 1389.67 2410.6302
second target at
5)1.1:5v.v:v= 12805.2891 1397.34 2429.73
Close short "Long position" if the Market tanks.
Set target at 400, 40, 80 points down.