Ewj: elliott wave

Hmmmm... I was right my count did lead to some interesting discussion. If the market does not take out last Monday's low and rallies above this past Wednesday's high I will cover my S&P puts and expect the triangle scenario to play out. However, if last Monday's low is taken out, I want to see how the market reacts to the low in August.

Great input from everyone!
Thanks
 
Quote from Mup:

This is a cleaner option & there are no sub wave lenght issues...:D
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Sorry, but your Wave 3 is way too short and impotent.

Besides a wave 3 will not end before the end of the Economic cycle.... :D

I will stay with my count for now.
 

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Quote from rtstrading:

Sorry, but your Wave 3 is way too short and impotent..
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Could you expand on this ?

I do like proportion and everything is with-in classic 161.8% to 261.8% ranges. The wave 3 could very well be the completion of an A wave which would make the whole structure a little more proportionally balanced. :)

I still carn't get a clean 5 wave top in Feb 08 as you point out, due to overlaps between sub wave iv and wave i of your 3rd wave that finished in Feb 07.

Where am I going wrong ?
:)
 

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Oh the old Armstrong pi cycle chart.

Shame the guys been in jail for the last 7 years :eek:
for defrauding Japanese investors and refusing to turn over $15m in gold bars and coins he is supposed to have hidden away from his gold mail order scam.

:D :D
 
~100, 10, 30 points to sHs neckline.
Hold short position.

Quote from mu200411:11-18-07 02:32 PM
Status.
Hold long "Short position".
Scenario 1.
Microwave 4)c.1:3v.iii falls below "sHs" neckline = 12975, 1438, 2583. This should be a decisive movement.
Strategy 1.
Keep short position.
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A closer look at the possible (Y) wave of the larger pattern. (see last chart)

(Y) is made up of 3 waves an (a), (b) and (c) in this case the (c) is an ending diagonal...:)
 

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