Ewj: elliott wave
- Thread starter mu200411
- Start date
Hi W4rl0ck
It does seem we have completed a cycle degree wave set from the 1932 lows.
The lesser bearish option is were in a cycle wave IV with the move from the 1932 lows the wave III.
http://www.elitetrader.com/vb/attachment.php?s=&postid=2105272
http://www.elitetrader.com/vb/attachment.php?s=&postid=2105393
It does seem we have completed a cycle degree wave set from the 1932 lows.
The lesser bearish option is were in a cycle wave IV with the move from the 1932 lows the wave III.
http://www.elitetrader.com/vb/attachment.php?s=&postid=2105272
http://www.elitetrader.com/vb/attachment.php?s=&postid=2105393
Thanks Ed, Landis, W4rl0ck for those kind words 
.
And thanks US all for OUR valuable contributions
.
Mu.
.
And rebounded somewhat below the supporting trendline, 8342, 1587, 875 :eek: ,
but still closed near the supporting trendline, 8519, 896, 1615
.
Hammer, Doji and Doji hammer at supporting trendline are good BUY signals .
Next target at the resistance trendline may be 9100, 960, 1700
.
.And thanks US all for OUR valuable contributions
.Mu.
Quote from ed:10-23-08 12:36 AM
Mu, Elo and Mup,
You've all made great calls these 2 days!
Quote from Landis82:10-23-08 01:30 AM
Great work guys!
Wave 3)4.d:c, -480, -55, -82 points, started 40 minutes later
.And rebounded somewhat below the supporting trendline, 8342, 1587, 875 :eek: ,
but still closed near the supporting trendline, 8519, 896, 1615
.Hammer, Doji and Doji hammer at supporting trendline are good BUY signals
.Next target at the resistance trendline may be 9100, 960, 1700
.The Market has only three directions, UP, DOWN and SIDEWAYS .
IF you stick to your forecast long enough, the Market may come your way someday .
Prechter's Grand Supercycle began in 1987 and may or may not be confirmed in 2008-2009.
I think 21 years may be a little bit too long to "Cry Wolfs" and hold on to a DOWNWARD forecast .
The Wolfs may come this time when nobody believes the Cry, after a five fold increase in the indicies.
Now it is just 4 years from Elliott's 2012 forecasted some 60 years ago.
I extend Elliott's 13 years Triangle to 21 years Triangle and the 8 years Cycle Wave V)III is almost equal to Cycle Wave V)I in depth and duration .
Prechter's Wolfs may come into play if 2003 low is broken
.
BTW, he's the one who presented the Elliott Wave Principle to the modern world.
.IF you stick to your forecast long enough, the Market may come your way someday
.Prechter's Grand Supercycle began in 1987 and may or may not be confirmed in 2008-2009.
I think 21 years may be a little bit too long to "Cry Wolfs" and hold on to a DOWNWARD forecast
. The Wolfs may come this time when nobody believes the Cry, after a five fold increase in the indicies.
Now it is just 4 years from Elliott's 2012 forecasted some 60 years ago.
Prechter didn't believe Elliott's 13 years Triangle, so he got one extra wave, in 1987 his Cycle Wave V)V equaled his Cycle Wave V)I so the end of Grand Supercycle Wave.Quote from W4rl0ck:10-23-08 06:37 AM
What's your opinion on the projections of people like Prechter that are forecasting the Grand Supercycle top stuff? (serious question
I extend Elliott's 13 years Triangle to 21 years Triangle and the 8 years Cycle Wave V)III is almost equal to Cycle Wave V)I in depth and duration
.Prechter's Wolfs may come into play if 2003 low is broken
.BTW, he's the one who presented the Elliott Wave Principle to the modern world.