Ewj: elliott wave
- Thread starter mu200411
- Start date
Low USD/JPY begins to have positive effect on the US economy.
From the auto industry, Ford (F, Fortune 500) and General Motors (GM, Fortune 500) reported February sales that were slightly better than expected, though both said sales declined. Toyota (TM) said sales fell 6.3% over last year, much steeper than the 3.5% increase that analysts had predicted.
http://money.cnn.com/2008/03/03/markets/markets_wrap/index.htm
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Posted by mu200411 on 11-23-07 12:34 PM:
Remember USD/JPY = 80?
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Posted by mu200411 on 11-23-07 12:37 PM:
Next stop: USD/JPY = 102?
From the auto industry, Ford (F, Fortune 500) and General Motors (GM, Fortune 500) reported February sales that were slightly better than expected, though both said sales declined. Toyota (TM) said sales fell 6.3% over last year, much steeper than the 3.5% increase that analysts had predicted.
http://money.cnn.com/2008/03/03/markets/markets_wrap/index.htm
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Posted by mu200411 on 11-23-07 12:34 PM:
Remember USD/JPY = 80?
--------------------------------------------------------------------------------
Posted by mu200411 on 11-23-07 12:37 PM:
Next stop: USD/JPY = 102?
Status.
Got out at open as said. Short "Short position" also opened. Buy long and short "Long position" at -200, -20, -40 points as said after fifth subwave of fifth wave when there was a higher high. Short position closed. Short "Long position" reversed near +200, +20, +40 at fifth subwave of fifth wave near close when there was a lower low.
Hold long "Long position" and short "Short position".
Strategy.
Plan to reverse short "Short position" after 70-100, 7-10, 14-20 points retracement.
Note to Susan,
Up or Down forecasts mean different things to different money management styles and different entry points.
Forecast a big down move means panic for bull traders but a buying opportunity for dollar-cost-averaging guys.
In the face of a potential 200 points bear market rally, those shorts entered 300 and 50 points above present value may need different actions.
Some guy told his friend, with good intention, that a stock he owned would rise another ten. When the stock rose +8 and then fell to +6, the guy changed his outlook for the stock and sold at +5. On the other hand his friend, saw that the stock had risen as the guy said to +8 and fallen to +6, decided to buy at +5 and got the guy's stock, hoping that the stock would rise to +10.
Mu.
Got out at open as said. Short "Short position" also opened. Buy long and short "Long position" at -200, -20, -40 points as said after fifth subwave of fifth wave when there was a higher high. Short position closed. Short "Long position" reversed near +200, +20, +40 at fifth subwave of fifth wave near close when there was a lower low.
Hold long "Long position" and short "Short position".
Strategy.
Plan to reverse short "Short position" after 70-100, 7-10, 14-20 points retracement.
Note to Susan,
Up or Down forecasts mean different things to different money management styles and different entry points.
Forecast a big down move means panic for bull traders but a buying opportunity for dollar-cost-averaging guys.
In the face of a potential 200 points bear market rally, those shorts entered 300 and 50 points above present value may need different actions.
Some guy told his friend, with good intention, that a stock he owned would rise another ten. When the stock rose +8 and then fell to +6, the guy changed his outlook for the stock and sold at +5. On the other hand his friend, saw that the stock had risen as the guy said to +8 and fallen to +6, decided to buy at +5 and got the guy's stock, hoping that the stock would rise to +10.
Mu.
Trendline and Moving average are good at identifying trend.
Candle sticks and indicators are good for signaling trend change.
When trend goes on for a long time, candle sticks is usually the first signal for trend change. Sometimes it requires only one stick.
Let's see if candle sticks really work or not!
Candle sticks give buy signal but MACD will give a sell signal soon.
Candle sticks and indicators are good for signaling trend change.
When trend goes on for a long time, candle sticks is usually the first signal for trend change. Sometimes it requires only one stick.
Let's see if candle sticks really work or not!
Candle sticks give buy signal but MACD will give a sell signal soon.