Ewj: elliott wave

Yep :D Its tough being a noob. EW takes some time, I appreciate you guys charts so much. Truly

I worry sometimes I am being too bearish and making the charts fit my view. Recently, it is worrying me more. I normally like to just look at your charts instead of post in your thread. I do not want to clutter a great thread with my noobyness. I just became really concerned, that I was being too bearish. My overall view is negative to say the least. I tried playing both sides even though I am bearish and got hurt really bad on 12/1. So now it is short or sidelines for me. So I need bear timing or I will be sidelined when money is to be made.

In the candles I got really bearish again starting 1/26 - 1/27. I have been ok being short in some weak names but overall I didn't get the dump. So I was wrong flat out. Again I see this dump coming, and I want to get more aggressive. Those traps are painful :D But clearly I was wrong before, so I was concerned about my views. I am now as close to all in short as I can get, so its pretty mute. I have to suck it up until Tuesday and see how I do.

I will be quiet in your great thread, but I read it all the time and I cant thank you guys enough. Once I came home with a black eye and my grandfather said "I know what happened" I thought to myself... how in the heck does he know??? Then he said, "You were talking when you should have been listening." And basically yea... he nailed it. lol so back to me listening in this thread. I was just a bit nervous and got freaked out. And next time I will use some software because my typing stinks and it would be more respectful of me if I am asking for help. I've only done fibs on computers so I have to work with it.

The mini 3 is exactly what I see coming, I may be wrong again. But yea, once my triangle broke, I saw A-B-C and see latest move down as a Mini wave 1.
 
Mup, thanks. You are right about the triangle. It was a little early this morning, couldn't sleep.

Question, are you leaning more towards the Jan 5 high as being a 4 or an A? (see attached)

I figured it was a 4 just because of the symmetry from the wave 2 correction. If it was only an A, it could take a while to play out and make things look a bit out of whack? Would the time it took to complete an expanded flat 4 still fit within what is reasonable?
 

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An Irregular Correction had confound out counts :mad: .
When the Market did not unfold as our forecasts :confused: ,
we have to step back :cool: .
The big picture is simple, i.e., a measured move DOWN as expected :D .
Next may be some rebound :) .
Quote from mu200411:02-12-09 12:20 AM

i-ii-iii-iv-v-a-b-c :)
There may be another 450, 55, 100 points DOWN move :D .
If not consider next post :confused: .
More...
 

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Quote from Mup:

Update on that EUR chart from the other day going into its 61.8%..

124.6 area would be a nice eyeball off that 61.8%....
More...

Looking a bit better :)

240min EUR #F
 

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Quote from Mup:

Just checked again on XOM and yesterday was a 144-89-55 Fib trilogy...

So maybe (dare I say it):eek: a triangle (B) would be the better finishing count....

Still gives below that 56 bucks target with the 1:1 around $44.... Below that $65 swing low will confirm a higher delta frame is in....

240min XOM
More...

Still would like to see it below that $56 low......

240min
 

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