Ewj: elliott wave

Quote from bryans:

Hey guys,

I was reading through your post and I am trying to get the hang of what's going on.

I am a subscriber at elliot wave. The guys on their site seem to think we are i n a bear market rally that's gonna last a few months.

Can you guys give me any info on how good the elliiot wave system works?

You guys pretty bearish for the long-term?

Do the people in this thread know what the hell they are talking about lol?

Any tips? I'd be glad to contribute more. Just let me kn ow what I can do. I think I could be a valuable contributor.
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Hi bryans

Welcome here.... :)

I believe EW works but I've encountered a fair share of people that firmly believes EW doesn't work.

The best way to find out about this thread would be to read the more recent posts (scroll back about 50~100 pages or so), and see for yourself whether the market follows EW :)
 
Quote from bryans:

Do the people in this thread know what the hell they are talking about lol?

Any tips? I'd be glad to contribute more. Just let me kn ow what I can do. I think I could be a valuable contributor.
More...

Just post here exactly what they say, then we'll tell you what the hell they are talking about :D
 
Quote from athlonmank8:

I have to agree. Unless there's a drastic move down tomorrow we're still in an up cycle. Using the IT downtrend on the ES as a new signal long (and my stop) and the fact that there's plenty of fresh blood (shorts) it should be a good signal for next week granted we break.

Probably will get triggered long as it looks banks have been soaking up this selling.
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Man that really pisses me off. Assclowns front-loaded this.

Once in a while I see something that just irritates me about these guys. Any other sector....fine. But the banks.....these guys just have no morals.
 
Quote from athlonmank8:

Still plenty of strength left in this bugger. Got some traction back today finally. Looks like we'll see more upside Monday and into Tues.

Cycle's still bullish until then.

Banks are really having a tough time though.

Nice charts on oil Mu. Got a few calls spread across the board on rigs.

Glad someone mentioned this thread to me. Gonna try and contribute what I can. You guys really have your EW down. Nice work on the charts.

Have a good weekend.
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Looking to short some here....weekly moon shift

Pure gamble :) I'm bored.

Banks are still strong. They're unload into this IMO.....just not sure when
 
Quote from athlonmank8:

Looking to short some here....weekly moon shift

Pure gamble :) I'm bored.

Banks are still strong. They're unload into this IMO.....just not sure when
More...

GS earnings tomorrow. Got a lotto ticket. Mon/Tues AM is the shift.

That'd make it a top???? I suck at this coin-flip game though :)
 
Quote from athlonmank8:

GS earnings tomorrow. Got a lotto ticket. Mon/Tues AM is the shift.

That'd make it a top???? I suck at this coin-flip game though :)
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Goldman earnings just came out at 4:10PM
Surprise!

$3.39 per share vs $1.64 expected.

Plans to raise $5 billion in capital via a stock offering
 
Landis,

Thanks for the news on GS. Thought it was supposed to be tomorrow BMO..... :)

The SPX got very very close to the top of the channel..... Not much room left to move upwards... :D

A clean strong break above the line would mean a sustained upmove for quite a while more..... :D

SPX 120min
 

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