Ewj: elliott wave
- Thread starter mu200411
- Start date
Friday is 45 days before the end of the quarter. Significant, because it is the last day that a hedge-fund investor can make a request to redeem shares in a Fund.
First leg down in the SPY from the intra-day high was 2.17
Small a-b-c counter trend rally back to 90.97 at 3:21PM
90.97 - 2.17 =
88.80 SPY objective
First leg down in the SPY from the intra-day high was 2.17
Small a-b-c counter trend rally back to 90.97 at 3:21PM
90.97 - 2.17 =
88.80 SPY objective
Derrick and those newbies who would like to learn EW,
(Unbelievers are not welcome here, we don't like arguments, we have no duty to persuade those EW-antagonists to get the benefit of EW)
This is how EW helps with trading:
At 11-11-08 01:09 EST, there was a warning that the Market was forming a descending wedge or Ending Diagonal Triangle and we were expecting the fifth subwave :v of the fifth subwave .v of the third wave iii which might end at the measured move.
At 11-11-08 01:42 EST, there was a 'trendling break' buy signal.
At 11-11-08 02:33 EST, the fifth subwave :v of subwave .ã of wave iv touch the top of wave i and there was a sell signal 3 minutes later.
If you acted on this you might have earned a few bugs
.
Mu.
(Unbelievers are not welcome here, we don't like arguments, we have no duty to persuade those EW-antagonists to get the benefit of EW)
This is how EW helps with trading:
At 11-11-08 01:09 EST, there was a warning that the Market was forming a descending wedge or Ending Diagonal Triangle and we were expecting the fifth subwave :v of the fifth subwave .v of the third wave iii which might end at the measured move.
At 11-11-08 01:42 EST, there was a 'trendling break' buy signal.
At 11-11-08 02:33 EST, the fifth subwave :v of subwave .ã of wave iv touch the top of wave i and there was a sell signal 3 minutes later.
If you acted on this you might have earned a few bugs
.Mu.
Quote from mu200411:11-12-08 01:09 AM
Next DOWN wave will be the fifth subwave of fifth subwave of the third wave at measured move.
Note EDlike structure
There should be a small rebound UP soon, followed by another big DOWN wave :eek: .
Elliott Wave Purist may buy at the end of Wave 3)4.d:ciii.v:vV using the smallest measured move,i.e., Wave V = Wave III. This is a Diagonal Triangle Type II, 5-3-5-3-5 pattern.
Any may sell at the end of Wave 3)4.d:civ.ã:v when Wave :v failed to reach the measured move to wave :iii
.
Next should be extended Wave 3)4.d:cv DOWN .
This may be astonishing ,
but donât expect the Market to reveal every move in advance.
Any may sell at the end of Wave 3)4.d:civ.ã:v when Wave :v failed to reach the measured move to wave :iii
.Next should be extended Wave 3)4.d:cv DOWN
.This may be astonishing
,but donât expect the Market to reveal every move in advance.