Ewj: elliott wave

[mu200411]

Scenario 2.
Minuette 4)c.3:1 had ended as a diagonal triangle type II and Minuette 4)c.3:2 as a zigzag. The Market is going down as Minuette 4)c.3:3 equal to Minuette 4)c.3:1 to end at
(End of 4)c.2=13776.8604, 1523.5699, 2733.99
Minuette 4)c.3:1=13354, 1469.21, 2641.5701
Minuette 4)c.3:2=13523.8096, 1489.4, 2670.33)
Minuette 4)c.3:3=13100.9492, 1435.0401, 2577.9101
Strategy 2.
Hold short position as a long one. One new short "Short position" as an intraday trade.

 

[mu200411]

What is happening?
USD up and everything else down!

 

[mu200411]

Short position closed at first target when there is a higher high.
Set target at 50% rebound to re-enter short position.

 

[mu200411]

Target reached. Prepare to open short position again.

 

[mu200411]

Short position opened. Set stop at the last high.

 

[Landis82]

Short positions on a lower opening today?
Some of the financials are actually UP today, like LEH, C, and BAC.

 

[mu200411]

Stop out.

 

[mu200411]

Short position entered, set stop at the last low. Just in case there is a new low today as scenario 2.

If stop out, enter long position as scenario 1.

 

[mu200411]

Short position closed. To enter again when there is a lower low.

 

[mu200411]

Short position entered. Set stop at the last high.