Ewj: elliott wave
- Thread starter mu200411
- Start date
After spending the past hour thinking through possibilities and reviewing charts, the bearish view still stands out.
If this count finds favor with Mr Market, then tomorrow would be a huge down day.
W1 = 926.50 - 903.00 = 23.50
W3 = 915.25 - 880.25 = 35.00
Our treacherous "friend" when extended could bring us down to about 805 in the ES :eek:
Sounds crazy!? Yea.... I know....
ESM9 30min
If this count finds favor with Mr Market, then tomorrow would be a huge down day.
W1 = 926.50 - 903.00 = 23.50
W3 = 915.25 - 880.25 = 35.00
Our treacherous "friend" when extended could bring us down to about 805 in the ES :eek:
Sounds crazy!? Yea.... I know....
ESM9 30min
Mup Id love to know about your Gann levels. Is there a book you recommend?
Have a daily chart view on something I'm thinking about. I'm guessing we are in wave 2. But the guess isn't worth a bet right now. I'm thinking about going after a consumer related name, maybe Sbux or Tif if this plays out right. My chart also has the bull view, which really tells me to wait for a break of trendline. We are still in a very strong channel, up up. Tomorrow afternoon I might look for some puts on those two, but we get above 915 I will have to pass.
Have a daily chart view on something I'm thinking about. I'm guessing we are in wave 2. But the guess isn't worth a bet right now. I'm thinking about going after a consumer related name, maybe Sbux or Tif if this plays out right. My chart also has the bull view, which really tells me to wait for a break of trendline. We are still in a very strong channel, up up. Tomorrow afternoon I might look for some puts on those two, but we get above 915 I will have to pass.
.Colleagues,
It might be interesting for you. It is Prechter's interview.
http://www.reuters.com/article/ousiv/idUSTRE54D4IL20090514?sp=true
It might be interesting for you. It is Prechter's interview.
http://www.reuters.com/article/ousiv/idUSTRE54D4IL20090514?sp=true