Ewj: elliott wave

[mu200411]

This is the missing chart.

Quote from mu200411:
The duration and size of Intermediate Wave 4) is about right.
Else it would be a wave four of a bigger degree. :eek:

 

[mu200411]

Now it is 100, 10, 20 points lower and one move wave.
The next Trendline Break may worth 300, 30, 60 points.

Quote from mu200411:03-08-08 01:22 PM
The entry may be 100, 10, 20 points higher and a wave less than it should be.

 

[mu200411]

Here it comes.
But is it the End or the Biginning! :eek:

Edit:
Oil sets record, gas closing in
Prices at the gas pump come close to last spring's record high as oil soars past $108 a barrel to hit another record high.
http://money.cnn.com/2008/03/10/markets/bc.oilprices.ap/index.htm

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.

 

[mu200411]

Status.
Long "Long position" closed when the Market failed to break the previous high and "Head and Shoulders" pattern was confirmed. Short position also opened as a gambling.
Short position closed at -200. Long position entered at close due to the fifth subwave of fifth wave although there was no higher high. Just a gambling.
Strategy.
Close long position if down. Find another entry point. Add to the position if up.

 

[mu200411]

50% retracement, a-b-c completed, and a higher high.
Would 300, 30, 60 up be the next move?

 

[mu200411]

Status.
Short "Long position" reversed at +300 when there was a lower low, reversed again at -150 when there was a higher high and added to long "Long position" as said. Short "Long position" closed at close near +300 though there was no lower low.
Hold long "Long position".
Strategy.
Open short "Short position" when there is a lower low. Re-enter short "Long position" at -150.

 

[mu200411]

From here the Market can go UP or Down 1000, 100, 200 points depending on the Support Trendline.
A five wave up will be a good sign. There are major resistances at wave iv and wave .2:b are significant.
Strategy.
Trade the +300, +30, +60 and -150, -15, +30 targets.

 

[ammo]

mu u might want to check this guy, he called this move a month ago, www.ptv-investing.com/outlook.htm

 

[mu200411]

Ammo,
Thanks. I will take a look.
Mu.

Today is an irregular correction with wave c approaching -150, -15, -30 target. Prepare to buy when there is a higher high.
Wave .2:biv high should be broken soon, because irregular correction signifies a strong Market.

 

[Landis82]

Interesting 5 year "cycle" weekly chart on the SPX from the previous website: