Ewj: elliott wave

Position reversed. Set stop at the last low. Set target for 1000, 100, 200 upward movement, but may reverse position at 2/3 retracement if there is a lower low again.
 
Prepare to reverse position again when there is a lower low than the intraday double bottom low. Set stop at the last high. Set target at 200,20,40 points lower.
 
Short position stop out again. Wait for a measured move to re-enter short postion again when there is a lower low. Set stop at the last high. Quit if stop out again. Keep the long position.
 
Status:
Our EWMTer had successfully taken profit on the long position and re-entered the long position 4 times on Monday and Tuesday, which made the cost of the long position well below the -800,-80,-140 level from September high. No short position.

Strategy 1 executed as said.
Microwave .i-.v is was 248.25, 25.13, 80.6902 points long. Microwave .á, .â and .ã was 115.5098, 12.93, 20.3001 points long or 46.5%, 51.4%, 25.1% of Microwave .i-.v.

Quote from mu200411:
Status:
Scenario 1.
Minute Wave .2 had ended at around -800,-80,-140. We have seen Microwave .i, .ii, .iii, .iv and .v which is going to get above the top of Microwave .iii at open. Then Microwave .á, .â and .ã will follow and correct about 1/3 to 2/3 of Microwave .i-.v
Strategy 1.
Cover short at open. Open short position again when .v = .iii and there is a lower low. Set stop at the last high. Reverse position at the end of Microwave .ã or around 1/3 to 2/3 correction. Set stop at the last low.
 
Scenario 1.
Minute Wave .2 had ended at around -820.3,-73.8,-135.86 below September high. Subminuette Wave i or Microwave .i-.v is was 248.25, 25.13, 80.6902 points long. Subminuette Wave ii or Microwave .á, .â and .ã was 115.5098, 12.93, 20.3001 points long.
Subminuette Wave iii is now 135.1905, 15.81, 39.95 points long and is going to be equal to or longer than Subminuette Wave i.
Strategy 1.
Hold on to the long position. Open short position when Subminuette Wave iii is equal to or longer than Subminuette Wave i when there is a lower low.

Scenario 2.

Scenario 2.
Minuette Wave .1:1 had ended at around -820.3,-73.8,-135.86 below September high. Monday - Tuesday Wave was Minuette Wave .1:2, had shown Subminuette Wave .1:2á, â and ã
Strategy 2 and was 267.9, 28.0, 100.3 points long or 32.6%, 37.9%, 73.8% of Minuette Wave .1:1.
Minuette Wave .1:2 may have ended or may end at 13789, 1528, 2839 when Subminuette Wave .1:2ã = Subminuette Wave .1:2á.
Strategy 2.
Open short position when when there is a lower low.
If futures point to a lower open, open short position at open.
 
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