Ewj: elliott wave

Status.
Both "Long positions" closed at fifth subwave of fifth wave of wave 3, because sometimes wave 5 does not appear as expected. Short "Long position" re-entered at -110, -14, -27 when there was a higher high.
Now hold short "Long position".
Strategy.
Hold if the Market goes up, reverse if the Market goes down. Plan to open long "Short position" if something terrible happens.

Quote from mu200411:
Fifth of fifth wave at 02/01/08 high may be good short, i.e., a Bull Trap. Target -150, -15, -30. After that an up move of +350, +35, +70 may follow.
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Market dips -100, -10, -20 points as expected by measured move. But there is an "M" pattern. Who dare to enter a short "Long position" now? :eek: :(
I do. Just a gambling. But wait for a higher high, buy signal, and plan to set a tight stop. :cool:
 
I was looking to yet another "re-test" of yesterday's highs today in the SPX ( 1388 ) but it was not to be.

Under 1362 in the SPX becomes a HUGE problem, likely leading to a re-test of 1270.

Very tricky here.
 
Quote from mu200411:

Susan,

This may be the one;
~ Ride The Waves ~
Andrew Francis
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$INDU Dow Jones Industrial Average Forecasts

Please note my analysis only shows our decline from the October 2007 high, in order to clearly label each wave. A longer term count may be requested.
After each trading day, I will add a new chart with comments and projections underneath, so you can watch each Elliott wave unfold. The top and bottom charts are always live, showing the latest data.

Thanks for the votes and kind emails.
-Andrew Francis
dru8923@yahoo.com

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID2681385

Interesting! :D
His count is the same as one of my alternative count. :cool:
October 2007 high is the end of Minor wave IVb]c)5. And we are going down as Minor wave IVc]1)1-2-3-4?. He will have to discard this count if 12766 is broken, and so will I.
Mu.
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yep that's the one! maybe you two could compare notes
 
Status.
Long position closed and long "Short position" opened at open as said. Entered short "Long position" at -150, -15, -30 then reversed at the completion of a-b-c near +70, +7, +14 and reversed again at -100, -10, -20 and again near +100, +10, +20, another a-b-c, and again at -70, -7, -14 to square the long "Short position".
Strategy.
Turn the short "Long position" into a long one if there is sign of interest rate cut in EU and GB. Close it if something more terrible happens.
Quote from mu200411:02-28-08 02:49 PM
Strategy.
Hold if the Market goes up, reverse if the Market goes down. Plan to open long "Short position" if something terrible happens.
More...
 

Attachments

Oil gets $103 fever in Asia.
If EU hikes rate, EUR/USD will be 1.7 in June 2008.
http://money.cnn.com/2008/02/28/markets/bc.oilprices_late.ap/index.htm

Posted by mu200411 on 10-28-07 12:37 PM:
And in June 2008 the Market would be around
(1.4391=13806.7,1535.28,2804.19,91.86)
1.7=16309.77,1813.61,3312.57 and crude at 108.51.
by simple math.
This would be the Best Case Scenario.

Posted by mu200411 on 10-29-07 08:41 PM:
Crude Oil Wave Count.
Interesting Crude Oil Wave Count.
Crude Oil may be in Cycle Wave V)III and ending at $108, but the wave can be extended and Crude Oil goes to $200. Why this time is different? At the peak of Cycle Wave V)I China was an exporter of crude oil to some friendly country and OPEC could but would not increase crude oil production. This time China is a big importer of crude oil and OPEC would like to increase crude oil production but could not.

Posted by mu200411 on 11-23-07 08:52 AM:
EUR/USD=1.4917, to be 1.5 soon, because another .25 or .50 rate cut is expected. .25+.25 = .50 so 1.5.
Santa Claus's "Crude oil at $108 in early 2008" is comin' to town.
 
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