Ewj: elliott wave
- Thread starter mu200411
- Start date
I bought srs this morning and now Im licking wounds. Should have waiting for the conformations ed is looking at. Looks like a C with some more room. Im awful 
gl everyoneHowever I try to fit in a LD count, I just couldn't....
D could be due to my stuck bear goggles.... 
) According to definition, LDs occur only in "A"s or "1"s, which I believe has already been covered in March's ascend.
I'm still favoring about 870 in the SPX as a ED target unless Mr Market decides to throw curveballs....
Edit:
The only reservation I have is that the VIX does not seem to be ready to gap up.
âIt has recently come to light that a diagonal occasionally appears in the Wave 1 position of impulses and in the Wave A position of Zig-Zags. In the few examples we have, the subdivisions appear to be the same: 3-3-3-3-3, although in two cases, they can be labeled 5-3-5-3-5, so the jury is still out on a strict definition.â
âAnalysts must be aware of this pattern to avoid mistaking it for a far more common development, a series of first and second waves. A Leading Diagonal in the Wave 1 position is typically followed by a deep retracement.â
Further, â[leading diagonals] were not originally discovered by Ralph N. Elliott but have appeared enough times and over a long enough period that the authors are convinced of their validity.â
---Corey Rosenbloom's Afraid to Trade
âAnalysts must be aware of this pattern to avoid mistaking it for a far more common development, a series of first and second waves. A Leading Diagonal in the Wave 1 position is typically followed by a deep retracement.â
Further, â[leading diagonals] were not originally discovered by Ralph N. Elliott but have appeared enough times and over a long enough period that the authors are convinced of their validity.â
---Corey Rosenbloom's Afraid to Trade
"Breaking UP is the right thing to do" next .
But Mr.Market doesn't like to do the right things
.
MA's signals are good confirmations.
Our target, 8225, 886, 1700 is near
.
There is one or more wave UP left to complete the count .
Symbol Last Change % Change High Low Volume Time
DJIA 8,125.43 +95.81 1.19 8,168.12 7,962.71 359,473,599 4:03 PM
NASDAQ 1,670.44 +43.64 2.68 1,676.17 1,628.08 2,147,483,648 5:15 PM
SP500 865.30 +13.24 1.55 870.35 847.04 n/a 4:59 PM
.But Mr.Market doesn't like to do the right things
.MA's signals are good confirmations.
Our target, 8225, 886, 1700 is near
.There is one or more wave UP left to complete the count
.Symbol Last Change % Change High Low Volume Time
DJIA 8,125.43 +95.81 1.19 8,168.12 7,962.71 359,473,599 4:03 PM
NASDAQ 1,670.44 +43.64 2.68 1,676.17 1,628.08 2,147,483,648 5:15 PM
SP500 865.30 +13.24 1.55 870.35 847.04 n/a 4:59 PM