Ewj: elliott wave

[Landis82]

Quote from mu200411:

Thanks djtholen for;

Prechter Advises ‘Closing Shorts’ on U.S. Stocks (Update1)
By Sarah Jones. Feb. 24 (Bloomberg)

Anyone want to log-on to Prechter's website at Elliott Wave International for a FREE trial?

http://elliottwave.net/aboutewi/freetrial.aspx

I've overstayed my "welcome" at EWT and run out of bullets.

 

[Mup]

Conceivably we could get Down to 1600 (INDU) the ALT .....Of a larger degree 1:1... ( or a ratio of the last ALT)

Monthly INDU...:eek:

 

[Landis82]

It has certainly been a long ride up from that 776 DJI Low back in 1982.

 

[Mup]

GC is around its lesser -40 ALT's eric...

If they go,( close out) then yes things are changing & the next higher alt is the -90 (which I'd like to see a crack at ) ...

 

[ericmoles]

Close out? I'm short silver

 

[Mup]

Close out as in bar price action
ie the bar closes below the ALT so the bar is not a shadow....
They have a habbit of "shadowing for stops"

 

[blnbr]

Quote from Mup:

Conceivably we could get Down 1600 the ALT of a larger degree 1:1... ( or a ratio of the last ALT)

Monthly INDU...:eek:

If the economy today turns out to be as severe as 1929~1933, it would not be a big surprise that the Dow hit 1600 someday. We are getting more and more bad news these days, but the key question is how bad it’s going to get.

And of course, the key is also depending on how we read the Elliott waves

Perhaps all we have to do is to sit back, buy a little SDS, drink some beer and watch

 

[Mup]

The thought did cross my mind to sit back in BGI for a few years while the powers that be try their best to "curb" speculative trading......

We'll just have to see

 

[Landis82]

So Mup, your chart on the SPX shows .618 of (1) targeting 744.67 and .786 getting us down to 733.42 and a 1:1 at 718.99 for the end of (5)?

Just looking to confirm.

 

[Landis82]

On the small 1-minute time frame . . . Looks like 5-waves up since the low of 12:15PM Eastern into a 1:25PM high???

Market acts well.