Ewj: elliott wave

Overnight USD/JPY dropped to 111 with the Dow down. Is this Yen carrying trade unwinding? :confused:

A chart of Subminuette Wave 4)c.1:3iii and iv is attached.

If Subminuette Wave v is equal to
(13669.4004, 1520.27, 2825.47 -
13080.8701, 1450.76, 2653.6201)
Subminuette Wave iii which is
588.5303, 69.51, 171.8499
points long, Subminuette Wave v which might have begun at
13315.2197, 1478.74, 2708.8701
will end at
12726.6894, 1409.23, 2537.0202. :eek:
 

Attachments

Buy and Sell Signals on November 8th, 2007 chart.

Status.
Position reversed just before market close at the target, i.e., end of Microwave 4)c.1:3iii.iv and there was a lower low.

Scenario 1.
Futures point to a lower start.
Strategy 1.
Hold on to short position for 250, 25, 50 points then look for a higher high.

Scenario 2.
Futures point to a lower start.
Strategy 2.
Wait and see the Market unfold a little bit more.
 

Attachments

Thanks :)

Your labelling style reminded me of Neely from many moons ago..:D

I'm still old school with RN, Frost, Hammy Bolton oh and there's that Precheter guy who helped write an interesting book but he still carn't seem to get to grips with EW without bias.....

:D :D
 
Quote from Landis82:

Looks like 5 waves up on the ESZ from 3PM. into just before the close, eh?
More...

5 Waves into an alt and we get a gap down...

nice

:D :D


The 1465-66 is the firstl TA point to watch out for..(alt & fib) if it gets above its 15min OR
 
Its done +14.50 points up at the moment

+15 points goes stright into the 50%...

The Hook trade signal will also get the OR Black boxes involved :)
 

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Another good show by the posters on this thread :D :D

I'd like to see an " indicator" thread try and do the same ...

:D :D

That move down will do for me today...:)

Had a great week & enjoyed the thread early lunch time :D :D
 

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