Ewj: elliott wave
- Thread starter mu200411
- Start date
sg_ccw
The three waves in the last ten months can be a 1-2-3 or an a-b-c.
If March 17th, 2008 low is penetrated, it is more likely to be wave one after a-b-c than wave four after 1-2-3 although we can not rule out the subwaves of wave 3 of the incomplete 1-2-3.
Mu.
BTW,
Resistance Trendline crossing will be a significant buy signal
: .
The three waves in the last ten months can be a 1-2-3 or an a-b-c.
If March 17th, 2008 low is penetrated, it is more likely to be wave one after a-b-c than wave four after 1-2-3 although we can not rule out the subwaves of wave 3 of the incomplete 1-2-3.
Mu.
BTW,
Resistance Trendline crossing will be a significant buy signal
: .Quote from sg_ccw:07-19-08 01:31 AM
Sorry Mu, but I don't understand that... Where are we then? Wave 2?
Two days rest may be enough for the Market to gather enough strength to ride Mup's waves, upward .
But there is still some caution to be made . Since wave .ii is too short it may be just wave .ii:á and wave .ii:â and wave .ii:ã may follow. Wave .ii:â may be a Bull Trap to attract some naked short for wave .ii:ã Bear Trap :eek: , which will give the Market enough strength to jump another 650, 60, 150 points 
.
.But there is still some caution to be made
. Since wave .ii is too short it may be just wave .ii:á and wave .ii:â and wave .ii:ã may follow. Wave .ii:â may be a Bull Trap to attract some naked short for wave .ii:ã Bear Trap :eek: , which will give the Market enough strength to jump another 650, 60, 150 points .