Ewj: elliott wave
- Thread starter mu200411
- Start date
See! I lost the first round, I'll try crossing the 50 SMA a second time. Let's see who'll win. 
The Market said to someone.
Those who do not believe in Heaven will not go to Heaven.
For those who believe in Heaven some may not go to Heaven, only he who sticks to His rules will go to Heaven, and one of his rules is "don't guess a correction".
And those who have gone to Heaven have no time to chit-chat, they spend all the time raking money in to their coffin.
Oh! Sorry, I mean ....to their coffer.
The Market said to someone.Those who do not believe in Heaven will not go to Heaven.
For those who believe in Heaven some may not go to Heaven, only he who sticks to His rules will go to Heaven, and one of his rules is "don't guess a correction".
And those who have gone to Heaven have no time to chit-chat, they spend all the time raking money in to their coffin.
Oh! Sorry, I mean ....to their coffer.
Sorry, I failed, 50 SMA is too strong for me.
13397.7305 1481.4 2620.8899
13122.4902 1452.180 2557.1299
13210.5195 1464.29 2575.8101
See you at
12935.2792 1435.070 2512.0501 :eek:
if Subminuette Wave 4)c.c:aiv is not an irregular correction.
But if it is I will ride the 50 SMA to
13,241.25 1463.45 2584.28
"don't guess a correction".
12,915 = 200 SMA.
12,795 = Fed 61.8% Retracement.
13397.7305 1481.4 2620.8899
13122.4902 1452.180 2557.1299
13210.5195 1464.29 2575.8101
See you at
12935.2792 1435.070 2512.0501 :eek:
if Subminuette Wave 4)c.c:aiv is not an irregular correction.
But if it is I will ride the 50 SMA to
13,241.25 1463.45 2584.28
"don't guess a correction".
12,915 = 200 SMA.
12,795 = Fed 61.8% Retracement.
"Not Confirmed" is a Warning Sign in long term Chart.
The Dow theory says something like, "Transportation and manufacturing usually move together, when transportation profits rise those of manufacturing rise too. If a move up in DJIA is not confirmed by DJTA there is some problem, DJIA may move down soon."
Is this also apply in Subminuette Wave when there is no profit data?
The Dow theory says something like, "Transportation and manufacturing usually move together, when transportation profits rise those of manufacturing rise too. If a move up in DJIA is not confirmed by DJTA there is some problem, DJIA may move down soon."
Is this also apply in Subminuette Wave when there is no profit data?
"Not Confirmed" Warning in Subminuette Wave 4)c.c:aii.
JSL's Analysis plus the "Not Confirmed" Sign might have made someone bold enough to place a short on Friday morning or Thursday evening.
JSL's Analysis plus the "Not Confirmed" Sign might have made someone bold enough to place a short on Friday morning or Thursday evening.
Quote from JSL_Capital:
One of the reasons I'm leaning toward the bearish side today for the near term is that I'm noticing a head & shoulders pattern with the left shoulder being formed last Friday. Bulls put up a decent fight to put us above it today but couldn't. Maybe they'll try it again tonight when volume's thinner
BTW if for some reason we gap down big below the neckline tomorrow, the whole price action since last Friday becomes an island reversal and that would probably take us back down to the last reaction low in the 30s on the spoos imo.
Hindsight is always crystal clear.
The EWDTer, upon seeing JSL's analysis, the "Not Confirmed" Sign and the development of Subminuette Waves 4)c.c:ai and ii, sold short on Thursday evening or at Friday open.
He had in mind that Subminuette Wave iii should be stronger than wave i and wave iv should be the same size as wave ii (~30,5,10) and he would get out of his position if the Market didn't act as he guessed.
As it turned out, the Market tumbled into wave iii and then rebound as wave iv, in the mean time our EWDTer was sweating measuring the length of wave iv, praying that it did not overshoot his stop. Then the tide turned in his favor, wave v began and showed multiple lower lows. He did not relax then, because ROC decreased confirming that it was wave v which could be shortened. He counted Microwave .i,.ii,.iii,.iv, and v. The Market turned up, he didn't want to be whipsaw into an elongate wave v, so he waited for a higher high, willing to give up some points. The Market continued to unfold Infrawave v:iii, v:iv and v:v. "Which way to go from here?", the Market asked itself.
13,222.4902 1452.1899 2557.1299
Previous waves ii and iv.
13202.2305 shattered
................... 1452.55 2554.8 ?
13116.1504 1441.75 2522.649 ?
Our EWDTer saw that it was closed to JSL's measured move and
the series of previous ii and iv. He didn't want to risk a ~6,-.37
,2.3 points gain with ~140,14,23 points loss equal to Subminuette Wave ii.
So he got out of his short position and switch into wrong position.
The EWDTer, upon seeing JSL's analysis, the "Not Confirmed" Sign and the development of Subminuette Waves 4)c.c:ai and ii, sold short on Thursday evening or at Friday open.
He had in mind that Subminuette Wave iii should be stronger than wave i and wave iv should be the same size as wave ii (~30,5,10) and he would get out of his position if the Market didn't act as he guessed.
As it turned out, the Market tumbled into wave iii and then rebound as wave iv, in the mean time our EWDTer was sweating measuring the length of wave iv, praying that it did not overshoot his stop. Then the tide turned in his favor, wave v began and showed multiple lower lows. He did not relax then, because ROC decreased confirming that it was wave v which could be shortened. He counted Microwave .i,.ii,.iii,.iv, and v. The Market turned up, he didn't want to be whipsaw into an elongate wave v, so he waited for a higher high, willing to give up some points. The Market continued to unfold Infrawave v:iii, v:iv and v:v. "Which way to go from here?", the Market asked itself.
13,222.4902 1452.1899 2557.1299
Previous waves ii and iv.
13202.2305 shattered
................... 1452.55 2554.8 ?
13116.1504 1441.75 2522.649 ?
Our EWDTer saw that it was closed to JSL's measured move and
the series of previous ii and iv. He didn't want to risk a ~6,-.37
,2.3 points gain with ~140,14,23 points loss equal to Subminuette Wave ii.
So he got out of his short position and switch into wrong position.
Quote from JSL_Capital:
We amateurs have our days too
11:30 was a good time to close any morning shorts along with capitulating Eurpeans (also 53-55 area coincided with measured first and today's volume indicates it's possible that we bounce to the low-mid 60s area on ES at least. If the A/D doesn't tick up along with price though, we might get another round of sell off in the afternoon, but geez these bulls are buying the dips like crazy!
http://img516.imageshack.us/img516/5984/es15minsept7kq0.png