Ewj: elliott wave

Status.
Hold long position.
Strategy.
If people don't buy the week before rate cut, they should buy when the rate cut is announced.
Cut loss if Market falls, wait for another entry point.
Hold long position if there is a rebound.
 

Attachments

The World Stock Markets came tumbling down from the North Pole Pennants.
Parabolic fall with massive volume is characteristic of wave c.
Tuesday may see some rebound on low volume, signifying smart money start going in.
 
Futures=-394, -68.5, -50.90 :(

Wave 4)c.5:5 may end at
4)c.5:2=12612.4004, 1391.99, 2429.5801
4)c.5:3=12127.5098, 1330.67, 2343.6499
4)c.5:4=12337.2305, 1350.28, 2384.21
4)c.5:5=11852.3399, 1288.96, 2298.2798:mad:

Wave 4)c.5:5 may be and extended fifth wave and equal to wave :1+:2+:3 and may end at
4)c.4=12931.29, 1429.09, 2503.55
4)c.5:3=12127.5098, 1330.67, 2343.6499
4)c.5:4=12337.2305, 1350.28, 2384.21
4)c.5:5extension=11533.4503, 1251.86, 2224.3099:eek:
 

Attachments

Futures -4%, Asia -7%, Europe +1%. Rate cut in 5 days.
Which is the best position?
1) Cash,
2) Square,
3) Long? :confused:

Cash: Sell at open. Get filled at bottom and Market rebound.:mad:
Square: Take profit on the short position, cut loss on the long position at -1% or wait for rebound then cut loss. :cool:
Long: Suck.:D
 
To be a contrarian is unrewarding. The crowd is always right except at the turning point where the contrarian gets his short flash of happiness.
Sounding for buttom is a risky business. Use no more than 10% and don't wait beyound 10% loss.
 
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