Ewj: elliott wave

The media is citing alleged comments by GE on 2009 for the sell-off in the market . . . that GE is now saying was "old" news.

But followers of EWT knew better!
:p
 
Anyone listened to ed and Pa(b)st would have avoided the Bull Trap :D .
Who would buy an Expanding Triangle count :confused: ?
An Irregular Correction is also OK.
Quote from ed:10-29-08 10:06 PM
Maybe another case of "buy the rumour (of the rate cuts), sell the news later"
More...
Welcome Pa(b)st
You showed up with a Bang :cool: .
Mu.
Quote from Pa(b)st Prime:10-30-08 02:45 AM
I expect 970.
More...
 

Attachments

One of the possibilities: A measured move UP from Wednesday close :D .
Futures Oct 29 11:20pm † Change %Change Level
Dow +197.00 +2.22% 9,051.00
NASDAQ +26.50 +2.05% 1,320.50
S&P +18.00 +1.94% 945.00
Quote from Landis82:
Absolutely incredible!
But where to now???
I'm still confused on the bigger picture.
More...
 

Attachments

Quote from mu200411:

Anyone listened to ed and Pa(b)st would have avoided the Bull Trap :D .
Who would buy an Expanding Triangle count :confused: ?
An Irregular Correction is also OK.

Welcome Pa(b)st
You showed up with a Bang :cool: .
Mu.
More...

Thank you but a broken clock and Pabst......:)

As wave/fib/extension guys we should all know it's random. We're just trying to identify good levels and maker higher percentage plays. Trading them is another art unto itself. How I would've reacted if 970-973 hadn't been the high is the hard stuff to figure out.
 
Thanks Mu and welcome Pabst! :)

Futures are up about 2+ % now (5.30am ET) but there is a GDP and claims numbers release at 8.30am.....:confused:

If it had been five waves up in the SPY 10min, then I am looking for a possible bull trap minor gap up, then a "C" wave down to around 50%.
 

Attachments

You must log in or register to reply here.
Back
Top