Ewj: elliott wave
- Thread starter mu200411
- Start date
Todays action would fit well as an a wave thats part of wave (iv) in the larger ED C pattern.. ?
(see page 166 for the lager view http://www.elitetrader.com/vb/showthread.php?s=&threadid=101387&perpage=6&pagenumber=166)
I too have enjoyed the Hoilday Break
Seem Mu's been hard at work though....
(see page 166 for the lager view http://www.elitetrader.com/vb/showthread.php?s=&threadid=101387&perpage=6&pagenumber=166)
I too have enjoyed the Hoilday Break
Seem Mu's been hard at work though....
Status:
Hold long "Short position" and a gambling "Long position".
Scenario 1.
Intermediate Wave 4)c ended Wednesday 21, 2007 as a running correction 3-3-3, or a double zigzag. Intermediate Wave 5) began Friday 23, 2007 with 181.84, 23.93, 34.45 points jump.
Strategy 1.
Turn the gambling "Long position" into a long "Long position". Find an appropriate exit point for the long "Short position".
Scenario 2.
Friday 23, 2007 rebound was the second right shoulder as expected, which will end below 25 dSMA and 200 dSMA and the first right shoulder.
Strategy 2.
Close long position near target when there is a lower low. Find an appropriate exit point for the long "Short position". Re-enter long "Short position" when there is a lower low near 25 and 200 dSMA or top of the first right shoulder.
Hold long "Short position" and a gambling "Long position".
Scenario 1.
Intermediate Wave 4)c ended Wednesday 21, 2007 as a running correction 3-3-3, or a double zigzag. Intermediate Wave 5) began Friday 23, 2007 with 181.84, 23.93, 34.45 points jump.
Strategy 1.
Turn the gambling "Long position" into a long "Long position". Find an appropriate exit point for the long "Short position".
Scenario 2.
Friday 23, 2007 rebound was the second right shoulder as expected, which will end below 25 dSMA and 200 dSMA and the first right shoulder.
Strategy 2.
Close long position near target when there is a lower low. Find an appropriate exit point for the long "Short position". Re-enter long "Short position" when there is a lower low near 25 and 200 dSMA or top of the first right shoulder.
