Ewj: elliott wave

Quote from Landis82:

I find that the specific use of 3 particular MA's allow me to tell whether or not we are in a Wave 2 or a Wave 4 correction, more often than not.

:)
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:) MA's are my bread and butter.
 
Quote from ed:

What a nice ride up..... :D

852 may be a nice place to short... with stops in place of course... :)
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Covered at 842.50..... :D :D :D


Quote from Landis82:

I find that the specific use of 3 particular MA's allow me to tell whether or not we are in a Wave 2 or a Wave 4 correction, more often than not.

:)
More...

Quote from athlonmank8:

:) MA's are my bread and butter.
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Can you share some tips on using MA's? :)

Mu,
Oops! We seem to be deviating from EW in this thread.... :D
 
Still prefer this ED count :)

Seems like we're in the "C" wave of ED v now. If so, this will be the final leg up before the drop many of us have been waiting for (see below post for big picture)

ESM9 61min.....
:D yes.... it is really a 61min chart....:D hinting to someone special to get back to this forum soon! :D :D


Quote from ed:
04-09-09 02:34 PM

Here's an update on that ED for dessert option... :D

SPX 120min
http://www.elitetrader.com/vb/attachment.php?postid=2381902
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Attachments

ed,
Moving Averages smooth out the waves, making it easier to count :) and miscount :eek: .
Moving Averages's signals come late :( ,
but they may be useful as a confirmation :) .
Get out of position at the end of fifth wave, get into opposite position at moving average crossing.
In wave two or b moving average crossing may occurs at the end of subwave c :confused: .
Choosing the right ma for each equity and time period is important.
mu.
Quote from ed:04-16-09 03:33 PM
Can you share some tips on using MA's? :)
Mu,
Oops! We seem to be deviating from EW in this thread.... :D
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Posted by mu200411 on 12-24-08 12:20 AM:
.... Elliott used most of them (TA) himself.
I don't remember how Elliott said about moving averages.
mu.
 
Thanks Mu! :)

Seems like the ESM9 61min is unveiling according to plan too.... :D

The first resistance should be about 855~860.... :)

Edit:
Just got stopped out with tiny profits after I typed this post.... :) It is indeed not easy to trade and post at the same time....
 
By the way, General Growth Properties filed for Chapter 11. They are the #2 largest shopping mall owner in the US.

Their problem wasn't declining revenue ( +12% for 2008 ) or losing tenants ( occupancy was 92.5% ).

Their issue was the inability to "roll-over" $27.2 billion in debt. They had been mentioning a potential issue with the inability to refinance maturing mortgages back in November of last year.

Looks like the commercial debt markets are as frozen as ever!

http://news.yahoo.com/s/nm/20090416/bs_nm/us_generalgrowth_bankrupcty
 
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