Ewj: elliott wave
- Thread starter mu200411
- Start date
Status.
Long position intact. Short position had been closed on Friday.
Scenario 1.
Minute Wave 5)1.3 had showed five Minuette Waves at target length of 400, 40, 80. There may be a correction back to end of Minuette Waves 5)1.3:4 or Thursday low.
Scenario 2.
If the last Minute Wave is 5)1.5 then there may be a correction to September 25th low.
Strategy 1&2.
Short sell at open and wait for buy signal near the above targets.
Scenario 3.
Minute Wave 5)1.3 is an extended wave 3 and is 1000,100,200 points long instead of 400,40,80.
Strategy 3.
Keep the long position.
Long position intact. Short position had been closed on Friday.
Scenario 1.
Minute Wave 5)1.3 had showed five Minuette Waves at target length of 400, 40, 80. There may be a correction back to end of Minuette Waves 5)1.3:4 or Thursday low.
Scenario 2.
If the last Minute Wave is 5)1.5 then there may be a correction to September 25th low.
Strategy 1&2.
Short sell at open and wait for buy signal near the above targets.
Scenario 3.
Minute Wave 5)1.3 is an extended wave 3 and is 1000,100,200 points long instead of 400,40,80.
Strategy 3.
Keep the long position.
Quote from mu200411: on 09-26-07 06:59 PM:
No news is good news.
If the Market is satisfied with yesterday correction it may move up another 400, 40, 80 points in Minute wave 5)1.1 or 5)1.3.:eek:
If not the Market should open in negative territory which is not the case because Futures point to a strong opening.
Our EWMTer is maintaining a long position and looking for an opportunity to trade a Minute Wave correction (100-200,10-20,20-40 points).
Strategy for today.
Drift up happily with the Market.
There is a non-profitable shorting opportunity at 13810, 1521, 2690 which only a really bad news can turn it into a profitable one.
The support line was broken, but the Market has new high.
Posted by elovemer on 10-09-07 01:20 AM:
....do you see the possibility of a move to 1580 before the wedge breaks to the downside ?
Yes, if this is extended Minute Wave 5)1.3, which may be 100 S&P points long, from September 25th low.
Status.
Long position intact. Short position closed because of new high.
Scenario 1.
The Dow goes down another 100,10,20 points if this is Minute Wave 5)1.2.
Strategy 1.
Short sell below last Monday low. Set stop at last high.
Scenario 2.
The Dow goes up 300 - 400, 30-40, 60-80 points without corrections larger than 70, 7, 14 points if this is Minuette Wave 5)1.3:3 of Minute Wave 5)1.3 extension.
Strategy 2.
Keep the long position rise with the trend.
Long position intact. Short position closed because of new high.
Scenario 1.
The Dow goes down another 100,10,20 points if this is Minute Wave 5)1.2.
Strategy 1.
Short sell below last Monday low. Set stop at last high.
Scenario 2.
The Dow goes up 300 - 400, 30-40, 60-80 points without corrections larger than 70, 7, 14 points if this is Minuette Wave 5)1.3:3 of Minute Wave 5)1.3 extension.
Strategy 2.
Keep the long position rise with the trend.