Ewj: elliott wave

[Mup]

Don't beat yourself up to much for being short

As this could be on the cards...

(Alt is the triangle)

 

[Mup]

Hope people are starting to see the Power of those Measured Moves price points and how Traders postion around them..

 

[mu200411]

Thanks Mup for the caution.

Forget to insert chart.

Quote from mu200411:

EUR/USD=1.4730, Crude oil = $98, approaching target 1.7 and $108.:eek:

New count Subminuette 4)c.1:3i has ended and is
509.0097, 61.75, 89.6001 point long. If Subminuette iii = i from
13669.4004, 1520.27, 2825.47 may end at
13160.3907, 1458.52, 2735.8699.
Too scarry? Let's set target at - 200 to - 300, -20 to -30, -40 to -60 points.

 

[Mup]

This is that ALt triangle count,

It is still the possible, so its always worth drawing out especially is the price starts to hold the 1503 area on the ES for a period of time...

Its a Key datum the 1503-1500 level...

Again its triangle count has slightly lower odds (hence alt) but its always worth drwaing an alt..

 

[Mup]

Update on NVDA while its quiet.

Its off over $1.70 from yesterdays 78.6% B wave post
Hope elovemer was on it !

Quote from Mup
Starting to look interesting for a B wave target area..
Red Line on the chart is the degree datum point .

http://www.elitetrader.com/vb/attachment.php?s=&postid=1668647

 

[mu200411]

Target near, five wave count, higher high = close short position, open long position, set stop at the last low, if stop out open short position.
Set target at 13540-13560, 1505-1510,2797-2810 to reverse position when there is a lower low.

 

[mu200411]

Stop out and reverse position. Set stop at the last high.

 

[mu200411]

If this is Microwave 4)c.1:3iii.iii the down move should accelerated to break the support.
Oh! print too slow. It was broken.

 

[Mup]

Just hit the 61.8% ext Stops & limit orders hence that spike.

Need more Vol though if they want to save it from its natural traget of the Measured Move

Least we can can that triangle count

 

[Landis82]

Excellent work!