Ewj: elliott wave
- Thread starter mu200411
- Start date
.The stock market is very resilient and refuses to fall these days.
I even doubt the market would fall as Neely and other gurus predicted lately. And instead we could be already on a bull market with 1-2-3-4-5 up waves like the one starting from 2003
Anyway, whatever will be will be
Have a nice weekend guys.
I even doubt the market would fall as Neely and other gurus predicted lately. And instead we could be already on a bull market with 1-2-3-4-5 up waves like the one starting from 2003
Anyway, whatever will be will be
Have a nice weekend guys.
I thinks there should be a correction of about 60 - 100 points for 2 - 4 weeks.
This 2-days is the begginning of that MOVE,
but the Market tells otherwise and is stronger than expected ,
hence the last Bear Trap
.
Have a nice weekend everybody .
There are a reverse Head and Shoulders pattern and a Head and Shoulders pattern so the Market can
go UP if the green line is crossed,
and DOWN if the red line is crossed.
A 1-2-.1-.2 count versus A-B-C-X-a-b-c-x .
This is still a difficult count :eek: .
This 2-days is the begginning of that MOVE,
but the Market tells otherwise and is stronger than expected
,hence the last Bear Trap
.Have a nice weekend everybody
.There are a reverse Head and Shoulders pattern and a Head and Shoulders pattern so the Market can
go UP if the green line is crossed,
and DOWN if the red line is crossed.
A 1-2-.1-.2 count versus A-B-C-X-a-b-c-x
.This is still a difficult count :eek: .
It looks like there's some loss of momentum and strength, as we've crept closer to 881. With that being said, this market has been a one way train (more or less) since early March. The herd is behind this move, price is above 50 day sma, and the slope of the 50 day sma turned positive a few days ago. I'm not comfortable shorting here unless there's significant breakdown in price and strength/inertia.
Quote from mu200411:
I thinks there should be a correction of about 60 - 100 points for 2 - 4 weeks.
This 2-days is the begginning of that MOVE,
but the Market tells otherwise and is stronger than expected
hence the last Bear Trap
Have a nice weekend everybody
There are a reverse Head and Shoulders pattern and a Head and Shoulders pattern so the Market can
go UP if the green line is crossed,
and DOWN if the red line is crossed.
A 1-2-.1-.2 count versus A-B-C-X-a-b-c-x
This is still a difficult count :eek: .
Good to hear your opinion Mu. You are right more often on the S&P.
Now letâs say we had finished wave-5 on the weekly chart and started the recent rally from March, how do you label this rally? Is it a wave-a or wave-1
Thanks!