Ewj: elliott wave

[Ckessler]

I hope those "newbie" comments are not directed at me.

but I believe I read on the good ol' EWT message board once that while Prechter is ever the contrarian, that does not mean to go contrary to your own system.

Food for thought.

 

[mu200411]

Something wrong with the Market .
This implusive, 4-day DOWN move may be Minute .1 of Minor 1 of Intermediate 1) of Primay 3] of Cycle I of Supercycle I) of Grand supercycle I] to the DOWN side as the EXPERT said :eek: .

 

[mu200411]

The Market can do no wrong .
Only the 5,999,999,999 counts are wrong :eek: .
THE EXPERT's count is always right .
When the red lines are crossed DOWN, we should seriously reconsider the "View from the top of the Grand Supercycle count" .
When this last correction is bigger than the supposed Wave 2), we will pronouce The Bear Market Rally dead .

 

[mu200411]

NASDAQ is the first to turn BEARISH in P&F chart :eek: .

 

[ammo]

mu right, or wrong once in a while , thanks for posting

 

[mu200411]

SPX's RSI and MACD are bearish .
There is some hope in the Candle Stick pattern .
Look for a white candle above Sep 2, 09 close.

 

[mu200411]

Confession of a newbie
After the long list of the 8235 replies and 443246 views ,
I must admit that "I'm still a newbie in EW" .
What bring me to this sad end are the failed "M" pattern, the failed "sHs" pattern, and
the irregular B wave which the divergence between INDU, TRAN and UTIL foretold,
the seemed to fail "M" pattern with that big return move.
I forgot the 0827_5up3down_maybe_another5up chart which would have remind me
that correction can retrace up to 74.6% of the impulse wave.
When the moment of truth came, I just missed it :eek: .

Note:
This last DOWN move might have end or may turn out to be wave c of a running or an irregular correction .

Quote from mu200411:08-27-09 11:33 PM

Five waves UP, three waves DOWN.
The DOWN move looked corrective and was at measured move .
May be it's time for an UP move .

The red line was broken and the market corrected for 3 days.
http://www.elitetrader.com/vb/attachment.php?s=&postid=2555216

 

[mu200411]

Mark Landis was the one who foresaw this and used the right strategy .

Quote from Landis82:08-25-09 04:09 AM

Anyone else notice 5-waves DOWN off the highs of the day registered just after 2PM Eastern?

Quote from Landis82:08-26-09 02:10 AM


The OIH and Energy Sector (coal stocks, nat-gas, etc.) looks real tired here... Crude looks pretty "toppy" today and not all that good on the DAILY charts now.

Could this be the beginning of a turn DOWN?

Quote from Landis82:08-26-09 11:29 PM

buying the dips and selling (shorting) the rips seems to be the winning trade during these low volume affairs like today.

The short-covering "orgy" in BTU this morning up to 35.27 was classic!

Quote from Landis82:09-02-09 10:44 AM

Biggest decline in quite some time, critical support broken at 1017 SPX, Prechter 100% short as of last Friday, and the EWT short-term update counting a 1-2, i-ii, and then 3 for today's drop signaling the start of Primary Wave 3 (P3) and there's only one post on our beloved thread???

Where is everyone?

 

[elovemer]

time element is there

 

[Landis82]

Quote from mu200411:

Mark Landis was the one who foresaw this and used the right strategy .

Thanks Mu!
Full Moon tomorrow!