Ewj: elliott wave
- Thread starter mu200411
- Start date
Quote from mu200411:
...2007=B ......no SPX < 672 ........b4 SPX 15,000.
...2007=A ......no SPX > 1260 ......b4 SPX 515
T's ........OK ..........
..... 2000 = RT <- 2007 ^v= ..... IZF ... div ......etc.
... DJI 2003 - 2007 ~ a 3 ........ :eek: .
....... -> 2007 a B .........
http://www.elitetrader.com/vb/attachment.php?postid=2550147
Mu,
Thanks for this chart. It throws up a fresh prespective.
On the ESU9, there seems to be three possible scenarios forming - blue, red or green. All seems to point to some more upward move for a little while....
Irene just does not want to say goodnite!
ESU9 120min
Does the Elliott Wave Theory really work?
The easy way to do a count is to identify the low and the high in the segment.
Divide the segment into two parts and then three parts.
If we see a low in the middle and two highs in the two parts with nice 5-waves, then the segment is a three.
If we see two highs near the 1/3 and 2/3 lines each with a preceding 5-waves, then the segment is a five.
For the high to low segment we look for a high in the middle and two lows near the 1/3 and 2/3 line.
Another method is to draw a line connect the first high (or low) and the last high (or low) and see if the high (or low) in the middle touches the line or not.
If yes it it a 5-waves. If not it is a 3-waves.
Important thing to remember is "the third wave must not be the shortest wave in a 5-waves" .
Divide the segment into two parts and then three parts.
If we see a low in the middle and two highs in the two parts with nice 5-waves, then the segment is a three.
If we see two highs near the 1/3 and 2/3 lines each with a preceding 5-waves, then the segment is a five.
For the high to low segment we look for a high in the middle and two lows near the 1/3 and 2/3 line.
Another method is to draw a line connect the first high (or low) and the last high (or low) and see if the high (or low) in the middle touches the line or not.
If yes it it a 5-waves. If not it is a 3-waves.
Important thing to remember is "the third wave must not be the shortest wave in a 5-waves" .
.... thanks for posting your count.....
.... i'll stick with the 5 .... as it is much much clearer and obvious count to me.....
.... i sure wish you would use your trading platform to post charts from
.... every time you post a chart... i can't make out your levels because the chart is flattened.....squashed if you will...
.... posting a chart from YAHOO ?
.... why ?
...doesn't your trading platform provide you with better charting capabilities than yahoo does ?
.... i use prophet charts as well but it is crap compared to my normal charting for clarity
thanks again
elo
.... i'll stick with the 5 .... as it is much much clearer and obvious count to me.....
.... i sure wish you would use your trading platform to post charts from
.... every time you post a chart... i can't make out your levels because the chart is flattened.....squashed if you will...
.... posting a chart from YAHOO ?
.... why ?
...doesn't your trading platform provide you with better charting capabilities than yahoo does ?
.... i use prophet charts as well but it is crap compared to my normal charting for clarity
thanks again
elo
Quote from mu200411:
elovemer,
Don't have to wait :eek: .
I've been counting 2003-2007 as a three all along
mu.