Ewj: elliott wave
- Thread starter mu200411
- Start date
Where have all the Bears gone? Here is a Perfect Shorting Opportunity.
(Disclaimers :
For Educational Use Only :http://www.minyanville.com/company/disclaimers.htm)
Some where near the July 19th, 2007 high,
14121.04. 1555.9 2724.74
13521.8604 1496.4 2644.45
12455.9199 1370.6 2451.0701
1065.9405 125.8 193.3799
12992.0195 1439.29 2536.9299
there will be a wave equality
14057.96 1565.09 2730.3098
and Minor Wave 5)1 or 5)3 will be ~1000,100,200 points long, and Minute Wave .3 or .5 will be ~400,40,80 points long (intraday H/L).
A 400,40,80 points correction is in the making
, provide the Fed doesn't do some magic to make the Minute Wave .3 move pass the July high effortlessly.
Strategy.
Short near the July high, when there is a lower low.
Unload long position if the Market tanks.
Pay close attention to Market Action near the July high, if it sticks to conventional wisdom (Don't fight the Fed), then ride the trend to new All Time High (Dow&S&P).
(Disclaimers :
For Educational Use Only :http://www.minyanville.com/company/disclaimers.htm)Some where near the July 19th, 2007 high,
14121.04. 1555.9 2724.74
13521.8604 1496.4 2644.45
12455.9199 1370.6 2451.0701
1065.9405 125.8 193.3799
12992.0195 1439.29 2536.9299
there will be a wave equality
14057.96 1565.09 2730.3098
and Minor Wave 5)1 or 5)3 will be ~1000,100,200 points long, and Minute Wave .3 or .5 will be ~400,40,80 points long (intraday H/L).
A 400,40,80 points correction is in the making
, provide the Fed doesn't do some magic to make the Minute Wave .3 move pass the July high effortlessly. Strategy.
Short near the July high, when there is a lower low.
Unload long position if the Market tanks.
Pay close attention to Market Action near the July high, if it sticks to conventional wisdom (Don't fight the Fed), then ride the trend to new All Time High (Dow&S&P).
End of Quarter Revised Counts.
Count 1: The Most Bearish Count in town.
Minute Wave V)IVc]1)1.c is an ascending wedge which should end as Minuette Wave c.5:c below
14121.04. 1555.9 2724.74
within 3 days.
Count 2: The Bearish Count.
Intermediate Wave V)V1]4) is a flat or an irregular correction. Minor Wave V)V1]4)b may end at or above the previous high
14121.04. 1555.9 2724.74
within 3 days, and may end at the large measured move
14057.96 1565.09 2730.3098
or small measured move
13697.04 1507.23 2656.3301
13924.6504 1533.41 2716.75
227.6104 26.18 60.4199
13850.2695 1521.99 2692.02
at
14077.8799 1548.17 2752.4399
which will make the last Subminuette Wave
380.8399 40.94 96.1098
long.
Count 1: The Most Bearish Count in town.
Minute Wave V)IVc]1)1.c is an ascending wedge which should end as Minuette Wave c.5:c below
14121.04. 1555.9 2724.74
within 3 days.
Count 2: The Bearish Count.
Intermediate Wave V)V1]4) is a flat or an irregular correction. Minor Wave V)V1]4)b may end at or above the previous high
14121.04. 1555.9 2724.74
within 3 days, and may end at the large measured move
14057.96 1565.09 2730.3098
or small measured move
13697.04 1507.23 2656.3301
13924.6504 1533.41 2716.75
227.6104 26.18 60.4199
13850.2695 1521.99 2692.02
at
14077.8799 1548.17 2752.4399
which will make the last Subminuette Wave
380.8399 40.94 96.1098
long.
Count 3:Bullish Count.
Minor Wave V)V1]5)3 or Minute Wave V)V1]5)1.3 is ending with a 400, 40, 80 points correction. The last three days are Subminuette Wave V)V1]5)3.5:1 and :2 or Microwave V)V1]5)1.3:5i or ii.
Target as above or 200 points more.
Count 4:The Most Bullish Count.
Subminuette Wave V)V1]5)1.1:3iii is 200, 20, 40 points long and ends near the July 19th, 2007 high. After a brief correction in Subminuette Wave iv, the Market easily push upward another 200, 20, 40 points, with a little help by the Fed, to all time high in the Dow & S&P.
Minor Wave V)V1]5)3 or Minute Wave V)V1]5)1.3 is ending with a 400, 40, 80 points correction. The last three days are Subminuette Wave V)V1]5)3.5:1 and :2 or Microwave V)V1]5)1.3:5i or ii.
Target as above or 200 points more.
Count 4:The Most Bullish Count.
Subminuette Wave V)V1]5)1.1:3iii is 200, 20, 40 points long and ends near the July 19th, 2007 high. After a brief correction in Subminuette Wave iv, the Market easily push upward another 200, 20, 40 points, with a little help by the Fed, to all time high in the Dow & S&P.