Ewj: elliott wave

[Landis82]

Quote from Mup:

Some of the lower degree wave patterns seem to be a little more corrective than I would like....

You mean too much "overlap"?

 

[Mup]

Thats the words I was looking for ......

Its been a busy week )))

 

[ed]

Quote from Mup:

It just niggles me that most EW's have the 1,2,3,4 count....When everyone seeing the same thing, then the odds tend to favour it being incorrect... [/B]

I don't understand. Shouldn't it be the other way round, where when everyone is seeing the same thing, then it has to be correct?

 

[Landis82]

Quote from sg_ccw:

I don't understand. Shouldn't it be the other way round, where when everyone is seeing the same thing, then it has to be correct?

Our dear "friends" at Elliott Wave Theorist have been persistently BEARISH for many many moons now. Thus, they have a very strong tendency to only SEE what they want to SEE - - - especially if it has a BEARISH bias or angle to it.

 

[ed]

now i understand.... it's true they seem to have a bear market view all the time.... and I think it is important to have a neutral view when reading waves....

 

[elovemer]

...that wolfe wave on dj tran ... has hit its lower target line....

... whether it rebounds from here or not ... is the next question

 

[elovemer]

...... still looking pretty good.....
.... if we can get a bounce.... the fourth attempt could be the one to begin the final descent below the lows

Quote from elovemer:
.....i think i may have posted this before....
.... if we can't get past 61% .....
.... then this bullish M scenario also fits with Mup's 13 year triangle scenario

 

[elovemer]

.... that would be for ..... another 5 waves down on the weekly chart....
.... or ... completion of measured move equal to move from highs to march lows....

Quote from elovemer:
...... still looking pretty good.....
.... if we can get a bounce.... the fourth attempt could be the one to begin the final descent below the lows

 

[Champion]

Quote from mu200411:

The Worst Case Scenario comes closer and closer.
There may be another wave :v and another bigger wave v, which will lead the indices to top of the supposed wave 1) at 10627, 1156, 2140

Hey Mu, are you making piles of money from all these waves? Or is it no better than taking your pal Elliott to the seaside to count the waves coming in there?

 

[mu200411]

Have been playing the short side of the Market since May 22, 2008 .
Prepare to play the long side if the Market finds good support .
--------------------------------------------------------------------------------
Posted by mu200411 on 05-22-08 08:42 PM:

Status:
Zero position.
Strategy:
Prepare to play the short side of the Market when the last supports fail. Buy if there is a higher high at support.
INDU is at 38.2% retracement.
SPX is at wave four of a lesser degree and the reverse Head and Shoulders neckline.
3 complete waves from the last high, may be a-b-c or 1-2-3.