Ewj: elliott wave
- Thread starter mu200411
- Start date
Landis, I personally would not use the divergence between the Dow and Transports to avoid the rally from the August lows but to be aware of a major high at the Oct. peak when the divergence was extreme.
You are wondering if the divergence between the Dow and the Transports is still valid.... you should have your answer within the next 4 - 8 weeks. The Dow/Transports divergence is in line with my bearish wave count... expecting the indices to trade below their August lows, continuing to hold my S&P puts.
It is not my intention to force my ideas upon others, if you or anyone else finds the info useful great, if it does not suit your trading style it should be ignored.
Victor Sperandeo had a great reputation as a trader but I do not hear about him. Are you still in contact with Victor and does he still trade?
You are wondering if the divergence between the Dow and the Transports is still valid.... you should have your answer within the next 4 - 8 weeks. The Dow/Transports divergence is in line with my bearish wave count... expecting the indices to trade below their August lows, continuing to hold my S&P puts.
It is not my intention to force my ideas upon others, if you or anyone else finds the info useful great, if it does not suit your trading style it should be ignored.
Victor Sperandeo had a great reputation as a trader but I do not hear about him. Are you still in contact with Victor and does he still trade?
My last contact with Victor was back in the early 90's. I believe that he moved from NYC/NJ to Texas at that time, setting up shop with Rand Capital Management (?)
I have no idea where he is currently based, but I would have to assume that he is still trading in some capacity.
An amazing student of Dow Theory with a most generous heart. I actually got my start with Victor back in 1984.
Minuette Wave 4)c.3:5 is ending. After that there will be a 400, 40, 80 points rebound to for the second right shoulder.
Should open long position if the Market close at -100, -10, -20 and take profit next Monday. Just a gambling.
If today close higher than yesterday, Subminuette wave 4)c.3:5v will not be seen in daily chart.
Should open long position if the Market close at -100, -10, -20 and take profit next Monday. Just a gambling.
If today close higher than yesterday, Subminuette wave 4)c.3:5v will not be seen in daily chart.
I wonder if any other thread pointed this out..
Quote from Mup:
Are patterns Repeating ??
Will be an interesting last hour or so if they do...
We all know how sharp the Vth wave will have to be.... :eek:
http://www.elitetrader.com/vb/attachment.php?s=&postid=1687556
