Ewj: elliott wave
- Thread starter mu200411
- Start date
Bears had fun again
http://www.elitetrader.com/vb/attachment.php?s=&postid=1676010
60 min on the SPX...
http://www.elitetrader.com/vb/attachment.php?s=&postid=1676010
60 min on the SPX...
Yes bgp,
That would be the third alternative count, Cycle Wave V)IV as a Flat Correction, which will take S&P down below 775.68
Mu.
Posted by mu200411 on 08-24-07 12:13 AM:
The second alternative is a Cycle Wave V)IV running correction. Primary Wave V)IVc] may ended around Dow 10K. This alternative will be invalidate when Dow rises above 14,121.04 or drops below 7,181.47.
The third alternative count is the most bearish. Cycle Wave V)IV is an irregular correction which should end below 7,181.47. This count will be invalidate when Dow rises above 14,121.04 or drops below 1,001.11, or Cycle Wave V)IV ends much above 7,181.47.
That would be the third alternative count, Cycle Wave V)IV as a Flat Correction, which will take S&P down below 775.68
Mu.
Posted by mu200411 on 08-24-07 12:13 AM:
The second alternative is a Cycle Wave V)IV running correction. Primary Wave V)IVc] may ended around Dow 10K. This alternative will be invalidate when Dow rises above 14,121.04 or drops below 7,181.47.
The third alternative count is the most bearish. Cycle Wave V)IV is an irregular correction which should end below 7,181.47. This count will be invalidate when Dow rises above 14,121.04 or drops below 1,001.11, or Cycle Wave V)IV ends much above 7,181.47.
Yes Mup,
I agree with your triangular wave iv, it looks like a running triangle which indicated that the Market is very weak.
This is my INDU chart for Microwave 4)c.1:3v
Mu.
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
13162.3203, 1464.9399, 2637.96
will end at
12573.79, 1395.4299, 2466.1101
Santa + ('s Bears) is comin' to town, when the Market falls below
12845.78, 1406.7, 2451.0701.
http://www.smartmoney.com/news/on/index.cfm?story=ON-20071112-000005-0037
We are now at 12987.5498, 1439.1801, 2584.1299, so we have another 141.7698, 32.4801, 133.0598 to go before all the Saints (Bears) go marchin' in.
I agree with your triangular wave iv, it looks like a running triangle which indicated that the Market is very weak.
This is my INDU chart for Microwave 4)c.1:3v
Mu.
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
13162.3203, 1464.9399, 2637.96
will end at
12573.79, 1395.4299, 2466.1101
Santa + ('s Bears) is comin' to town, when the Market falls below
12845.78, 1406.7, 2451.0701.
http://www.smartmoney.com/news/on/index.cfm?story=ON-20071112-000005-0037
We are now at 12987.5498, 1439.1801, 2584.1299, so we have another 141.7698, 32.4801, 133.0598 to go before all the Saints (Bears) go marchin' in.
Status.
Short position intact. Long position closed at the next sell signal yesterday.
Bear Market Strategy: Long "Short Position", Short "Long Position".
Scenario 1.
The Market tanks.
Strategy 1.
Hold on to short position. Enter long position when there is a higher high after 250 - 300, 25 - 30, 50 - 60 down move, and closed at 1/3 - 2/3 retracement when there is a lower low.
Scenario 2.
The Market shoots to the sky.
Strategy 2.
Close short position. Enter long position for good.
Short position intact. Long position closed at the next sell signal yesterday.
Bear Market Strategy: Long "Short Position", Short "Long Position".
Scenario 1.
The Market tanks.
Strategy 1.
Hold on to short position. Enter long position when there is a higher high after 250 - 300, 25 - 30, 50 - 60 down move, and closed at 1/3 - 2/3 retracement when there is a lower low.
Scenario 2.
The Market shoots to the sky.
Strategy 2.
Close short position. Enter long position for good.
