If it gets to 1064 (wave 4) i'm going short (wave 5 of (3) 
)
)
Ewj: elliott wave
- Thread starter mu200411
- Start date
Same story for AEX Amsterdam.
Expecting a spike on the news up to 316.9 => Short
Might never get there, but looks like a nice trading plan for this week
Expecting a spike on the news up to 316.9 => Short
Might never get there, but looks like a nice trading plan for this week
Well...moment of truth for AEX Amsterdam.
All this crazy action today got the market straight on 316.9
(That's the low of wave 1)
Very tempting to got short here and catch wave 5... but i'll wait until monday...
All this crazy action today got the market straight on 316.9
(That's the low of wave 1)
Very tempting to got short here and catch wave 5... but i'll wait until monday...
The red lines were good SELL Signals .
The blue line was a BULL Trap
.
Our small 5-waves was a wave five failure.
Yesterday low may be Wave 2]c)3.1 instead of Wave 2]c)3.5
.
Today looks like an Ending Diagonal to me
.
There may be three more 5-waves DOWN ,
unless the second (reverse) Head and Shoulders comes into play.
.The blue line was a BULL Trap
.Our small 5-waves was a wave five failure.
Yesterday low may be Wave 2]c)3.1 instead of Wave 2]c)3.5
.Today looks like an Ending Diagonal to me
.There may be three more 5-waves DOWN
,unless the second (reverse) Head and Shoulders comes into play.
Quote from mu200411:08-26-10 12:37 AM
There were two 5-waves DOWN to SPX 1040 as expected
There may one more small 5-waves DOWN and another big 5-waves DOWN before the end of Wave 2]c)
http://www.elitetrader.com/vb/attachment.php?s=&postid=2934076
Fridays frenzy looks like short covering(including me 
) which resulted in Mu's ending diagonal that could be the end of wave(4).
Hourly indicators are overbought and if we project wave(1) from here we get a target for wave(5) @1010 which is the bottom of the current channel.
Furthermore there could form a Negative Reversal(RSI) if we use the end of wave(2) and current wave(4) with a target @1008.
Mondays action will provide significant info for the upcomming week.
I'm still not convinced by Uncle Ben with his helicopter...
No doom & gloom, just technical
) which resulted in Mu's ending diagonal that could be the end of wave(4).Hourly indicators are overbought and if we project wave(1) from here we get a target for wave(5) @1010 which is the bottom of the current channel.
Furthermore there could form a Negative Reversal(RSI) if we use the end of wave(2) and current wave(4) with a target @1008.
Mondays action will provide significant info for the upcomming week.
I'm still not convinced by Uncle Ben with his helicopter...
No doom & gloom, just technical
Loads of support @ 1040.
The market seems to like the 1040 - 1065 range.
A breakout will probably be big.
The market seems to like the 1040 - 1065 range.
A breakout will probably be big.