Ewj: elliott wave

Scenario 1.
Open down and fall to the support trendline.
Strategy 1.
Sell at Open, cover at support trendline. Count a-b-c.

Scenario 2.
Open up and run away.
Strategy 2.
Buy at Open, sell at measured move.
13493.25 1503.68 2680.8299 13537.9503 1508.76 2688.7102.

Scenario 3.
Open up or down and stay sideways.
Strategy 3.
Open and close with some loss.

Scenario 4.
NASDAQ falls below support trendline.
Strategy 4.
Sell at Open, cover at previous low.
 
25 SMA is taking profits.
50 SMA is cutting losses prior to Fed.
200 SMA is buying to support the Market.
1 SMA is turning to cash.
 
The Conspiracy Theory, "Subprime Resistance Line". More players.

August 8, Countrywide filed for bankruptcy on August 8
August 9: French bank BNP Paribas freezes three funds with U.S. subprime mortgage market exposure.
August 27, Home Depot to accept lower price for unit
September 7, Job Data
September 14, China raised interest rates Friday for a fifth time
September 14, British lender Northern Rock sank nearly 25 percent after tapping the Bank of England for emergency funds.
September 16, French Foreign Minister Bernard Kouchner has said the world must be ready for war over Iran's nuclear programme.
September 17, Greenspan' Book, "The Age of Turbulence: Adventures in a New World."
 
You must log in or register to reply here.
Back
Top