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Ewj: elliott wave
- Thread starter mu200411
- Start date
The Conspiracy Theory, "Subprime Resistance Line".
August 8, Countrywide filed for bankruptcy on August 8
August 27, Home Depot to accept lower price for unit
September 7, Job Data
September 14, China raised interest rates Friday for a fifth time
September 14, British lender Northern Rock sank nearly 25 percent after tapping the Bank of England for emergency funds.
August 8, Countrywide filed for bankruptcy on August 8
August 27, Home Depot to accept lower price for unit
September 7, Job Data
September 14, China raised interest rates Friday for a fifth time
September 14, British lender Northern Rock sank nearly 25 percent after tapping the Bank of England for emergency funds.
The Moment of Truth,
our Elliott Wave Minor Wave Trader is waiting for.
The last chance for the Market to keep the running correction scenario alive. Minor Wave V)IVa]2)c should end before Minuette Wave V)IVa]2)c.e becomes longer than Minuette Wave V)IVa]2)c.c. This is where our EWMTer will enter his short position. If this is not the case, the count is void.
our Elliott Wave Minor Wave Trader is waiting for.
The last chance for the Market to keep the running correction scenario alive. Minor Wave V)IVa]2)c should end before Minuette Wave V)IVa]2)c.e becomes longer than Minuette Wave V)IVa]2)c.c. This is where our EWMTer will enter his short position. If this is not the case, the count is void.
Scenario 1.
The Dow opens lower and falls as a triple tops.
Strategy.
Short and stay short.
Scenario 2.
The Dow opens up and goes on to make the last zigzag (daily chart) longer than the previous zigzag.
Strategy 2.
Buy and hold.
13020.6299 1432.01 2500.55 13024.29 1432.36 2500.6399
13521.8604 1496.4 2644.45 13448.8604 1489.42 2630.24
12992.0195 1439.29 2536.9299 13113.3799 1451.7 2559.1101
Buy and hold above these levels.
13493.25 1503.68 2680.8299 13537.9503 1508.76 2688.7102
The Dow opens lower and falls as a triple tops.
Strategy.
Short and stay short.
Scenario 2.
The Dow opens up and goes on to make the last zigzag (daily chart) longer than the previous zigzag.
Strategy 2.
Buy and hold.
13020.6299 1432.01 2500.55 13024.29 1432.36 2500.6399
13521.8604 1496.4 2644.45 13448.8604 1489.42 2630.24
12992.0195 1439.29 2536.9299 13113.3799 1451.7 2559.1101
Buy and hold above these levels.
13493.25 1503.68 2680.8299 13537.9503 1508.76 2688.7102