Ewj: elliott wave
- Thread starter mu200411
- Start date
So the "M" pattern confirmation was a real Bear Cub Trap of 240, 27, 45 points 
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The Bull's Doonday Sell Signal Line was good even after more than 200, 20, 40 points drop
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Fratals have some predictive powers
.
If so there may be a Bigger "M" pattern
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This was a 7 points and 70 minutes too early warning
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.The Bull's Doonday Sell Signal Line was good even after more than 200, 20, 40 points drop
.Fratals have some predictive powers
.If so there may be a Bigger "M" pattern
.Quote from mu200411:02-12-09 12:33 AM
The Spike Fractals had turned into "M" Fractals
There may be a bigger "M" following the big "M"
The big "M" confirmation may turn into a Bear TraP :eek: .
This was a 7 points and 70 minutes too early warning
.Quote from mu200411:02-13-09 01:48 AM
Not a typical 1-2-3-4-5-a-b-c
If it is, there may be another 1-2-3-4-5 UP
Mup if you get a second tomorrow.
Im trying to get my waves right with all of this congestion. I made a triangle but I did not include the decline from 1/7 - 1/21. So mine is much smaller than yours and not as well done. Admittedly Im such a noob, all I am working off of is the triangles described in Frost/Prechter. What I am trying to do, is get that sell signal faster. In mine if SPX does not close over 870-873 in next run, it tells me to sell. Yours I would have much more room. Am I wrong to leave out that strong leg down? With it out a close higher would make it an expanding triangle with higher lows and back to the drawing board I go.
Im trying to get my waves right with all of this congestion. I made a triangle but I did not include the decline from 1/7 - 1/21. So mine is much smaller than yours and not as well done. Admittedly Im such a noob, all I am working off of is the triangles described in Frost/Prechter. What I am trying to do, is get that sell signal faster. In mine if SPX does not close over 870-873 in next run, it tells me to sell. Yours I would have much more room. Am I wrong to leave out that strong leg down? With it out a close higher would make it an expanding triangle with higher lows and back to the drawing board I go.
ammo,
After "M" (Moribund) or "W" (Wealth) pattern confirmation (Neckline-like crossing) the Market will continue about 50 -100% of the move before the confirmation. Previous support or resistance level may have some influence.
Trader may trade the "Double Top Pattern" or "Double Bottom Pattern" by using the last supporting or resistance trendline as a trigger for a Sell or Buy Signal.
Trading the confirmation sometimes may be too late.
The last "M" pattern confirmation was a failure or a Bear Trap, because the pull back was too big.
mu.
http://thepatternsite.com/bigm.html
After "M" (Moribund) or "W" (Wealth) pattern confirmation (Neckline-like crossing) the Market will continue about 50 -100% of the move before the confirmation. Previous support or resistance level may have some influence.
Trader may trade the "Double Top Pattern" or "Double Bottom Pattern" by using the last supporting or resistance trendline as a trigger for a Sell or Buy Signal.
Trading the confirmation sometimes may be too late.
The last "M" pattern confirmation was a failure or a Bear Trap, because the pull back was too big.
mu.
http://thepatternsite.com/bigm.html
May as well include what the bears are seeing.... They be hoping this move of that 88.6% is a wave 2 of an elongated (c)....
Most EW'ers will be seeing this or a 1,2,i,ii.. therefor its my alternative count for the moment....)
As we've bounced back to the 50% & that old Gann 50 to 50 rule might come into play... (lesser 50% is around 823)
240min globex...
Most EW'ers will be seeing this or a 1,2,i,ii.. therefor its my alternative count for the moment....
)As we've bounced back to the 50% & that old Gann 50 to 50 rule might come into play... (lesser 50% is around 823)
240min globex...