Ewj: elliott wave
- Thread starter mu200411
- Start date
Thanks, elovermer.
Mu.
Status:
Sold at +200, +25, +50 and bought back when there was a higher high. Now hold long positions.
Strategy:
The smaller "w" and "r-sHs" patterns are confirmed. The bigger "W" and "R-sHs" patterns may be confirmed next. So hold on to long positions. Take profit sometimes at resistance level.
Mu.
Status:
Sold at +200, +25, +50 and bought back when there was a higher high. Now hold long positions.
Strategy:
The smaller "w" and "r-sHs" patterns are confirmed. The bigger "W" and "R-sHs" patterns may be confirmed next. So hold on to long positions. Take profit sometimes at resistance level.
Mark2,
I have 3 alternative wave counts. Mup, Landis and Elovemer may also have 3 wave counts each. A total of 12 different wave counts. So no one can tell for sure which wave we are in right now.
One thing we agree is "we are in a major corrective phase", big enough to make old big financial institutions disappeared across the world". So this correction is at least an Intermediate degree and can be of Primary degree. There is political system change in one country and there are governments toppled in a few country. So we may still be in a Cycle degree correction which start from 1990. The falls of the last three left wing economies may confirm this Cycle degree correction count.
We have many "Intermediate wave 5)" false starts. The last one started from March 13th, 2008 low. Right now we may be in wave two of minor or minute degree which might have ended this week or might end soon. The anticipated action for the market in the next couple weeks will be "UP".
But if our supposed "wave two" breaks all the supports and makes new low, it may turn out to be a 2400, 300, 700 points "DOWN" move.
Hope this answers the question
. Sorry if not! 
Mu.
I have 3 alternative wave counts. Mup, Landis and Elovemer may also have 3 wave counts each. A total of 12 different wave counts. So no one can tell for sure which wave we are in right now.
One thing we agree is "we are in a major corrective phase", big enough to make old big financial institutions disappeared across the world". So this correction is at least an Intermediate degree and can be of Primary degree. There is political system change in one country and there are governments toppled in a few country. So we may still be in a Cycle degree correction which start from 1990. The falls of the last three left wing economies may confirm this Cycle degree correction count.
We have many "Intermediate wave 5)" false starts. The last one started from March 13th, 2008 low. Right now we may be in wave two of minor or minute degree which might have ended this week or might end soon. The anticipated action for the market in the next couple weeks will be "UP".
But if our supposed "wave two" breaks all the supports and makes new low, it may turn out to be a 2400, 300, 700 points "DOWN" move.
Hope this answers the question
. Sorry if not! Mu.
Thank you very much Mu! Very helpful..!!
Quote from mu200411:
Mark2,
I have 3 alternative wave counts. Mup, Landis and Elovemer may also have 3 wave counts each. A total of 12 different wave counts. So no one can tell for sure which wave we are in right now.
One thing we agree is "we are in a major corrective phase", big enough to make old big financial institutions disappeared across the world". So this correction is at least an Intermediate degree and can be of Primary degree. There is political system change in one country and there are governments toppled in a few country. So we may still be in a Cycle degree correction which start from 1990. The falls of the last three left wing economies may confirm this Cycle degree correction count.
We have many "Intermediate wave 5)" false starts. The last one started from March 13th, 2008 low. Right now we may be in wave two of minor or minute degree which might have ended this week or might end soon. The anticipated action for the market in the next couple weeks will be "UP".
But if our supposed "wave two" breaks all the supports and makes new low, it may turn out to be a 2400, 300, 700 points "DOWN" move.
Hope this answers the question
Mu.
Nicely Traded Mu...
Sorry for not getting back sooner elo, on that C wave timing question, I've Had cable problems the last few days...
Anyway lookis like the lesser C has finished of the Flat B or 2...
Update on that 120min SPX chart
Sorry for not getting back sooner elo, on that C wave timing question, I've Had cable problems the last few days...
Anyway lookis like the lesser C has finished of the Flat B or 2...
Quote from Mup
Needs to bust the 123.6% to rule out a pesky Exp flat...
http://www.elitetrader.com/vb/attachment.php?s=&postid=1943732
120min SPX..
Update on that 120min SPX chart