Ewj: elliott wave

Mup, I would never put this trade on before the Fed announcement... my sell stop would be a good 20 S&P points below the market when the Fed makes their announcement. As I write this reply the market is selling off on very heavy volume... short from 1514 on the March contract with a sell stop above todays high 1539. Lets see how it works out.
Robert
 
The FED now admits to the "economy IS slowing" from previous language, yet they only cut the Discount Rate 1/4 of a point.

These guys clearly have NO CLUE.
And most troubling is the fact that most of the current Fed Governors have NEVER been thru a Recession before.

Very few of these guys were around 5 years ago.

They just don't get the SEVERITY of what is going on in the financial system.

Unreal.
 
....worked out perfectly....
...with the 3rd and 5th waves each having 3 parts
...posting chart later...

...edit.... now let's see about another 5 waves down on the daily chart..... possibly... or not :)
Quote from elovemer:
....what do you guys think ?
....ending ?
More...
 
Status.
Short position stop out and re-entered after Infrawave :v of Microwave .v of Subminuette v of Minuette 5)1.3:1 had been counted around 2:15 PM EST when there was a lower low. Short "Short position" closed at close. Long position entered. Set stop at the last low.
Scenario 1.
Minuette 5)1.3:1 and :2 had ended.
End of 5)1.2=13237.8398, 1460.66, 2613.8301
End of 5)1.3:1=13776.8604, 1523.5699, 2733.99
Length=539.0206, 62.9099, 120.1599
End of 5)1.3:2=13423.3398, 1475.99, 2650.3601
Minuette 5)1.3:3 will be equal to :1 and end at
End of 5)1.3:3=13962.3604, 1538.8999, 2770.52
Strategy 1.
Hold long position. Close long "Short position".
 

Attachments

Scenario 2.
Minute 4)c.2 had ended.
All time high=14198.0996, 1576.09, 2861.51
End of 4)c.1=12724.8203, 1406.23, 2539.8101
Minute 4)c.1 length=1473.2793, 169.86, 321.6999
End of 4)c.2=13776.8604, 1523.5699, 2733.99
Minute 4)c.3 will be equal to Minute 4)c.1 and will end at
End of 4)c.3=12303.5811, 1353.7099, 2412.2901
Strategy 2.
Hold long "Short position".
Close long position after 1/3 to 1/2 retracement when there is a lower low. Open short "Short position". Set stop at the last high.
 
...... 78.6% retrace of the falling wedge was the level to watch at 26......
... market made it to 27 ......
.... waves 3 and 5 both had 3 parts.....

.... dont' know what the next formation will be ...... but the downside target of this wedge has not been reached yet......
 

Attachments

Set target of the rebound at
Subminuette 4)c.3:1ii =13556.0801, 1496.0699, 2688.22
to enter short "Short position".
Keep the long "Long position".
 

Attachments

Chart for scenario 2.
Quote from mu200411:12-12-07 11:41 AM
Scenario 2.
Minute 4)c.2 had ended.
Minute 4)c.3 will be equal to Minute 4)c.1 and will end at
12303.5811, 1353.7099, 2412.2901
More...
 

Attachments

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