Ewj: elliott wave

The only sure fire sells you get on days like these is if the ALT's start to break.

The Higher frames give you an idea of where the supply is, but the ALT's tell us if the Supply is of any importance.

Thanks ammo :)
 
Quote from mu200411:

Stop out again!:(
The Market is too strong.
More...

Mu, why are you fighting the TREND today - - - especially after the SPX put in a double-bottom yesterday and Monday?

These are the kind of TREND days where one buys every single dip!
 
Landis, a Fed rate cut will hammer the dollar and have little impact on the stock market. The rate cuts in Aug. and Sept. provided a psychological boost to the stock market but did not help the credit markets. After the last Fed rate cut(10/31) the Dow sold off 1100 points.
 
Landis,
I entered some long positions today and yesterday, but got out too early.
I forgot the second right should scenario.
I fell into a Bear trap because of an irregular correction, Minute Wave 4)c.4 but Intermediate Wave 4) might have end.
Mu.
 
Quote from TraderRob:

Landis, a Fed rate cut will hammer the dollar and have little impact on the stock market. The rate cuts in Aug. and Sept. provided a psychological boost to the stock market but did not help the credit markets. After the last Fed rate cut(10/31) the Dow sold off 1100 points.
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First off, let's make this perfectly CLEAR, the FED is waaaaaaay behind the curve on easing. Today's rates in the market place will tell you that. And they still have not done any coupon or t-bill "passes" . . . just repos which are temporary.

Secondly, the dollar would not get hammered if their was coordination by the other central banks to lower their rates.

The Fed has been a "joke" during this.
 
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