Ewj: elliott wave

Monarchy overthrown in Nepal :eek: . Georgia broke up.
Multiple banks failure around the world :mad: .
Gold and Crude oil lost more than 20%.
What is the degree of this correction :confused: ?
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Posted by mu200411 on 08-18-07 07:58 PM:

At the ends of Primary Wave corrections many individual investors have gone broke.
Cycle Wave usually ends with bankruptcies of many companies and some governments.
Supercycle Wave ends with collapse of some countries or economic systems.
Ruling classes changed at Grand-supercycle Wave Corrections.
Millennium Wave Corrections ended with the Fall of Empires and civilizations.
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It was the ninth failure this year of an FDIC-insured bank.
That compares with three failures in all of 2007. More banks are in danger of failing this year, agency officials have said.
http://money.cnn.com/2008/08/23/news/companies/kansasbank_closure/index.htm
 
hello all, I'm on the bull side.

Outlook forward in the journey
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I see general index goes uphill
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give gas !!!

bullish sentiment growing and bearish sentiment decreases as price level in deep end of last week, especially when one sees U.S. market. Inter market also speaks of this. Only the volume falls -> possible indecision of the market participants.

S & P 500 Sentiment EOD>>>

Dow Sentiment EOD >>>

OEX 100 Sentiment EOD >>>

Nasdaq Sentiment EOD >>>


EuroStoxx50 Sentiment & Intraday Trading Ideas >>>

DAX Sentiment EOD & Intraday Trading Ideas >>>

Trade what you see, market always right
 
I'm sorry, but some of those waves that you have labeled as 4's on your S&P chart are far deeper than would allow under Elliott Wave Theory.

Too much overlap.
 
.... a possible reason for the strong decline yesterday.....

...the long horizontal gold line.... connects with the long gold line coming down...

... they meet at the red line which was yesterday
 

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Yes! Wave III as expected :D .
Or Wave C of a complete corrective rebound :mad: .
We are in an equivocal situation :confused: .
"W" pattern confirmation with a return move, offers some hope :) .
 

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