Ewj: elliott wave

Fifth wave of third wave or wave c at support level :) .
But not at measured move :( . The set back is much bigger than expected.

Note:
There was no new high for S&P = Wave five failure.
Dow and NASDAQ had shown five-waves pattern
Quote from mu200411:11-29-08 01:28 AM

Another five waves as expected :cool: . There may be some more five waves :) .
Next new high will be fifth subwave of fifth wave at resistance level :eek: . There may be some set back :( , before going UP again :D .
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Quote from ammo:

the technical analysis versus price action(price action is a new term,used to be tape reading ) argument has been around for 50 years or longer, only since the electronic trading has the tech analysis had a chance at even being half right, it always worked,it was always hard to understand because no one took the time to learn it, when trading in a pit you didnt need it because you could read order flow, electronically that is a lot harder to do,so evryone has been forced to learn tech
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Thanks for the interesting reply, ammo :)

So, if technical analysis is complex which could be done via computers now, then how did peoplke trade earlier? How did they know that they are correct? :confused:
 
Quote from Landis82:

Once again, the EWJ Thread proves to be of superlative value here on ET.
We'll be at 800 pages by Turkey Day.

Congrats to all who have contributed!

:cool:
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Another get call :D

Well done Mu it only just dawned on me that where past 800 :eek: :)
 
Quote from Mup

Still one more leg lower for the 5th wave once this 4th has finished it mischiefs....?

120min Globex
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Handy that EW :D

818area (50%) would be a nice eyball target .
 

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