Hello Folks
I just want to say that I am new to ET.com but am in tune to the Elliot wave discussion. A friend referred me to this site, and must say I am quite impressed by the astute knowledge. Quite grateful...especially to mu200411, mup, ed, Illum, ammo, landis82, etc. Much contribution on ur fronts among others (sorry i am omitting a lot).... Thanks All!!
That said, I would also like to contribute a thought of my own and hope at the very least it draws some discussion. If not, I have no ego to bruise but will simply continue to monitor as I have.....maybe next time. Any thoughts on the subject would be appreciated though.
Please see chart (mind the crude pic)....I applied some basic EW theory to a recent S&P500 chart---60 min, 6 month duration. Applied the 1-5 Wave theory to existing price action, along with A,B,C (theoretical) correction. Wave 5 is the most curious point i think.....
1 simple question....am i in the ballpark? ---keep in mind, pure theoretical, no calculations, etc. Of course any input in that regard (calculation, technical targets, etc) would be special. I challenge/welcome any thought.
Thx again for all your input thus far.
-E
-e
