Ewj: elliott wave
- Thread starter mu200411
- Start date
Because the supposed wave iv was too small.
There may be another measured move DOWN below 900
.
Watch for a new today's low for a Sell signal
.
Note:
Crude Oil DOWN again :eek: .
Edit:
It's too late
. They should have done it one year ago 
.
BOE cuts rate to record low
Central bank takes interest rate to 1.5%, the lowest level in its 315-year history
http://money.cnn.com/2009/01/08/news/international/boe_rate_cut/index.htm
There may be another measured move DOWN below 900
.Watch for a new today's low for a Sell signal
.Note:
Crude Oil DOWN again :eek: .
Edit:
It's too late
. They should have done it one year ago .BOE cuts rate to record low
Central bank takes interest rate to 1.5%, the lowest level in its 315-year history
http://money.cnn.com/2009/01/08/news/international/boe_rate_cut/index.htm
Quote from mu200411:
Edit 01-09-09 01:42 AM
Wave five can be the shortest wave and end in wave three territory.
So Landis' target at 890 and elovemer's 50sma at 887 may hold
The market appears to have a small "bid" in it in the last 30 minutes of the session, with the SPX trading back above unchanged.
Intra-day low was 896.81
Could we get a reaction to tomorrow's Unemployment number that will force a "re-test" of today' low?
Very possible.
Hi guys, I have been lurking and learning. Thanks for your posts.
I just labeled the Euro forex chart. Could anyone tell me if my simple 5-wave labeling on the chart is correct? TIA.
Another question here: Some EW analysts believe that markets exhibit a useful Elliott wave pattern about 50% of the time. What do you think about this comment?
I just labeled the Euro forex chart. Could anyone tell me if my simple 5-wave labeling on the chart is correct? TIA.
Another question here: Some EW analysts believe that markets exhibit a useful Elliott wave pattern about 50% of the time. What do you think about this comment?
I did another Euro forex daily chart, and also hope to have your comments.
According to my labeling, wave 3 on the chart is a very long one, wave 5 is a very short one (wave five failure) and now the price is moving in abc waves. Could someone give me your opinion on my labeling? I hope someone also follows forex here.
Thanks in advance!
According to my labeling, wave 3 on the chart is a very long one, wave 5 is a very short one (wave five failure) and now the price is moving in abc waves. Could someone give me your opinion on my labeling? I hope someone also follows forex here.
Thanks in advance!
The 1-2-3 could be count as a-b-c.
The wave five failure should have five subwaves, there is not enough data to make a decision .
If wave a had five subwaves, wave b may be incomplete.
If wave a had three subwaves, and wave c = wave a, wave a-b-c may be to long.
So wave b may be incomplete .
The wave five failure should have five subwaves, there is not enough data to make a decision
.If wave a had five subwaves, wave b may be incomplete.
If wave a had three subwaves, and wave c = wave a, wave a-b-c may be to long.
So wave b may be incomplete
.Wave 2 should be move to the left to make wave 3 a five.
The blank wave could not be wave 3 because it would make wave 3 the shortest wave.
Wave 5 could not be wave 3 because there would be one extra wave.
No comment for the second question .
Please don't comment my comment because there are a infinite numbers of possibilities.
The blank wave could not be wave 3 because it would make wave 3 the shortest wave.
Wave 5 could not be wave 3 because there would be one extra wave.
No comment for the second question
.Please don't comment my comment because there are a infinite numbers of possibilities.