Ewj: elliott wave
- Thread starter mu200411
- Start date
If it looks like a duck, walks like a duck and quacks like a duck, it is a duck.
The timing is about right, the size is OK and the sharp fall that follows, this should be the end of Wave 3)4.c
.
Whether there are Wave .d and .e or not will be determine by the Market Action
.
But for now we may be safe to play the short side of the Market DOWN to 8400, 850, 1550
.
BTW, look out for the resistance trendline break UP :eek: .
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Posted by mu200411 on 10-28-08 08:01 PM:
Futures point to a significant rebound .
The Market has until November 5th, 2008 to finish a Flat or a Triangular Correction.
Today may be wave 3)4.c UP .
Edit: Is October 13th high target too optimistic ?
The timing is about right, the size is OK and the sharp fall that follows, this should be the end of Wave 3)4.c
.Whether there are Wave .d and .e or not will be determine by the Market Action
.But for now we may be safe to play the short side of the Market DOWN to 8400, 850, 1550
.BTW, look out for the resistance trendline break UP :eek: .
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Posted by mu200411 on 10-28-08 08:01 PM:
Futures point to a significant rebound .
The Market has until November 5th, 2008 to finish a Flat or a Triangular Correction.
Today may be wave 3)4.c UP .
Edit: Is October 13th high target too optimistic ?
Wave FIVE is treacherous :eek: .
We should be careful when we are counting Wave FIVE.
Sometimes it extends, sometimes it is a bit short, sometimes it does not show up at all
.
Now we are counting subwave five of subwave five of wave one.
There should be some wave two soon. And the resistance trendline should be broken.
Target +250, +25, +50 points .
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11-03-08 11:33 PM
Five waves DOWN after the supporting trendline break would have been a bad omen . But so far there is none ,unless we try harder and accept an irregular correction with triangular wave c.
Then we are going DOWN as Wave 3)4.d .
11-05-08 01:13 PM
We have seen the beginning of the fifth subwave :5 of Wave 3)4.c .
This may end at measured move, 9800, 1040, 1820, as an ascending wedge or ending diagonal triangle, ED, near October 14th, 2008 high, as expected , or at any time .
Look out for the supporting trendline break, DOWN with a five wave pattern. After that wait for the Market to show whether it would like to have a new HIGH or a new LOW .
Also look out for the BIG "W" pattern confirmation which can send the Market UP another BIG MEASURED MOVE .
11-06-08 12:06 AM
There is new low today , so it should be part of wave iv .
Wave iv.â:á is counted as an a because there is five subwaves.
The Market should go UP as Wave 3)4.c:5v soon , if there is one .
11-06-08 12:39 AM
As time goes by the DOWN Waves begin to look more and more impulsive. We have to consider that Wave 3)4.c:v may be a Wave Five Failure, and Wave 3)5 DOWN has begun .
This count will be confirmed when we see wave .iv and .v and Wave i territory is invaded .
11-06-08 12:59 AM
This is the last count that the Bulls can expect a significant rebound UP .
Edit:
Point of entry: above 9250, 960, 1710 .
Below that no good .
We should be careful when we are counting Wave FIVE.
Sometimes it extends, sometimes it is a bit short, sometimes it does not show up at all
.Now we are counting subwave five of subwave five of wave one.
There should be some wave two soon. And the resistance trendline should be broken.
Target +250, +25, +50 points
.-----------------------------------------------------------------------------------
11-03-08 11:33 PM
Five waves DOWN after the supporting trendline break would have been a bad omen . But so far there is none ,unless we try harder and accept an irregular correction with triangular wave c.
Then we are going DOWN as Wave 3)4.d .
11-05-08 01:13 PM
We have seen the beginning of the fifth subwave :5 of Wave 3)4.c .
This may end at measured move, 9800, 1040, 1820, as an ascending wedge or ending diagonal triangle, ED, near October 14th, 2008 high, as expected , or at any time .
Look out for the supporting trendline break, DOWN with a five wave pattern. After that wait for the Market to show whether it would like to have a new HIGH or a new LOW .
Also look out for the BIG "W" pattern confirmation which can send the Market UP another BIG MEASURED MOVE .
11-06-08 12:06 AM
There is new low today , so it should be part of wave iv .
Wave iv.â:á is counted as an a because there is five subwaves.
The Market should go UP as Wave 3)4.c:5v soon , if there is one .
11-06-08 12:39 AM
As time goes by the DOWN Waves begin to look more and more impulsive. We have to consider that Wave 3)4.c:v may be a Wave Five Failure, and Wave 3)5 DOWN has begun .
This count will be confirmed when we see wave .iv and .v and Wave i territory is invaded .
11-06-08 12:59 AM
This is the last count that the Bulls can expect a significant rebound UP .
Edit:
Point of entry: above 9250, 960, 1710 .
Below that no good .
...i am still looking for 27 target on the ending diagonal for wave 3 ....to end wave 4
.... this 3rd wave down of wave 4 could finish in first hour thursday....
.... then wave 4 up before wave 5 to finish around 27
....[if] that happens.... then i will be looking for a final 5th wave up..... before the bigger wave 5 down to '02 lows and possibly beyond....
...mup's ending diag... still works.... just hard to trade through due to all the traps....
...edit...i did not post a one min channel yesterday because i could not come up with a workable one.....
.... this 3rd wave down of wave 4 could finish in first hour thursday....
.... then wave 4 up before wave 5 to finish around 27
....[if] that happens.... then i will be looking for a final 5th wave up..... before the bigger wave 5 down to '02 lows and possibly beyond....
...mup's ending diag... still works.... just hard to trade through due to all the traps....
...edit...i did not post a one min channel yesterday because i could not come up with a workable one.....