Ewj: elliott wave

[TraderRob]

C wave decline today?

If my analysis is correct we should decline in a C wave to the 960-958 area in the S&P. 958 is a .382 retracement from the most recent high.

Short the ES from 1001.50

Chart from the July 8th low attached.

Robert

 

[TraderRob]

Attached is a better chart to illustrate what I am looking at(C wave decline).

Good trading!

Robert

 

[TraderRob]

Trade execution....

2 minute ES attached

 

[TraderRob]

Nothing more than a correction.... out at 1002.50 and looking to get long!

 

[ed]

Quote from Mup:

..... so for now I may as well enjoy the "mini heat wave" over here while it lasts......

So are you still medium rare, or well done now?

 

[Landis82]

Quote from mu200411:

Four waves :eek: .
Wait and see if there is wave five or not .

Looks like we are getting our Wave 5 Mu, as pathetically low in volume as it is.

In fact, I heard this morning that the VOLUME is running 50% lower than at this same time last year.

 

[Landis82]

Quote from ammo:

http://ptv-investing.com/blog/2009/08/09/weekend-outlook-09aug09/ cycle date for 180 days projected as sep 4

That would imply a 21.7% drop if the analog correlates with late 1938 and the decline that went into early 1939.

 

[ed]

Quote from Landis82:

Looks like we are getting our Wave 5 Mu, as pathetically low in volume as it is.

In fact, I heard this morning that the VOLUME is running 50% lower than at this same time last year.

I have hopped onto Mu's count as well...

As long as ES stays below 1007, we could still be stuck in the "B" wave of an ABC correction.

Pathetic volume indeed.... that's probably why Mup decided to make a "lobster" of himself instead of sitting in front of the screen...

 

[ed]

ESU9 30min

 

[acepowerdrive]

history always seems to repeat itself cause people alive today were aren't old enough to live in the era.

same emotions of greed and fear existed in the 1920's and leading the 1929 crash 1987 crash..and post 1929 events like gov't trying to use stimulus programs etc when the underlying problem is structural...like debt and overleverage speculation and fraud that nobody wants to touch.

it took 5 years AFTER the crash of 1929 before the US passed the 1934 securities act.

Quote from mu200411:

EWJ: Elliott Wave J……….
This thread is started by Elliott Wave newbie. This is not intended for serious technical analysts or traders. Just for fun. The wave counts will be changed frequently as Frost and Prechter wrote in the Elliott Wave Principle, 1978 : “we will be the first to discard our predictions if the waves tell us we must”.
Wave ONE] began some 6 to 3 million years ago with the genus Homo and ended 1 million years ago with the beginning of ice age when Homo erectus began replacing the other Homos. Sub-epochal Wave THREE] began about 500,000 years ago and ended 100,000 years ago with another ice age. Sub-epochal Wave FIVE] began 30,000 years ago when Homo sapiens sapiens ruled the earth and ended 13000 years ago.
Agricultural Era Wave THREE) began with farming 11000 years ago and ended with a mini ice age from 3000 B.C. to 2000 B.C. which was Era Wave FOUR).
Millennium Wave ONE began with ancient civilization in Egypt and ended when the sea people invaded and the Millennium Wave TWO began with the Greek Dark Age around 1000 B.C. Millennium Wave THREE was the time of Roman Empire from 594 B.C. to 476 A.D. European Dark Age was Millennium Wave FOUR.
Centenary Wave I} 1000 – 1300 A.D. was the Age of the Popes who lost power during Centenary Wave II} 1300 – 1400 A.D. The Age of Kings was Centenary Wave III} 1400 – 1700 A.D. The Kings became less wealthy during Centenary Wave IV} 1700 – 1776 when England lost America. The Centenary Wave V} may run to 2012 :eek: as Elliott predicted or 2070 .