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Old Jan 28th, 2012, 10:58 PM   #19
snowrider
 
 
Join Date: Jul 2010
Posts: 362
01/28/2012

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Old Jan 29th, 2012, 10:34 PM   #20
snowrider
 
 
Join Date: Jul 2010
Posts: 362
Quote:
for gold, you're saying that the c wave might have ended. you have wave a from 1522-1662, b wave from 1662-1625, and c wave from 1625-1738.

however your c wave is only 113 pts long, compared to wave a's length of 140.

c waves are often longer than a waves, going upto 1.618 times wave a, so why do you think c wave will be truncated this time?
nim1984 - Good point! We don't know if wave-c has finished yet. That was just my guess because GCG12 is rolling over to GCJ12 now. Sometimes a reversal occurs around futures contracts' rollover dates.
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Old Feb 4th, 2012, 09:42 PM   #21
snowrider
 
 
Join Date: Jul 2010
Posts: 362
02/04/2012

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P.S., I'll be out of town next whole week and won't be able to reply to any PM or comments.







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Old Feb 12th, 2012, 03:03 PM   #22
snowrider
 
 
Join Date: Jul 2010
Posts: 362
02/12/2012

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Old Feb 13th, 2012, 12:20 AM   #23
snowrider
 
 
Join Date: Jul 2010
Posts: 362
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1) if SPX goes to 1370 first before C5 formed, the C5 will equal C3, or may be great than C3, right ? but we know C5 can't be great than C3 according Wave Theory. How can we explain this?
C.3 = 84 (1333-1249)
C.5 could be: 1300+84=1384 if C.3=C.5
C.5 could be longer than C.3 (as long as C.3 is not the shortest was in C)

Quote:
2) If C5 is really formed at 1370, the Fib 61.5% pull back target should be great than 50 point, right ?
If C.5 ends at around 1384, the ideal correction target for C is where the previous 4 ends (C.4, i.e., 1300 area)

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3) how can we draw the a-b-c waves after C5 (It's not indicated in the chart ??) I mean wave 'b' is great than C5 <-- Does it mean 'extend' wave instead of a-b-c waves (purple lines) ?
The ending of C.5 is the ending of wave-C. After that a wave-D could be formed. We don't know if wave-D will be in regular or irregular correction form until we see the market's behavior.
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Old Feb 13th, 2012, 07:26 PM   #24
snowrider
 
 
Join Date: Jul 2010
Posts: 362
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I'm a big fan of Elliot wave theory and harmonic trading, however you way over complicate the labeling which deters me (and probably others) from following along. Simply stating the pair and TF (in post) with wave counts 1,2,3,4 a,b,c,d and sub waves as 1a, 1b, 1c, 1d ect works just fine. This, of course, is just my opinion, in the whole scheme of things, it doesn't make much difference.

Big ups for the thread though not many people keep up with these sort of threads. So even if you don't conform to my way of thinking do keep posting charts others will surely find it helpful or at the vary least interesting.
johnny2pips - Thanks for commenting and the suggestion. Please take a look the very first post of this thread, and it will give us an idea about the convention of my wave labeling. It is actually much easier to read and much less confusing than that of most famous EW techinicians. Yes, I agree that "it doesn't make much difference" on different labeling ways because we EW techinicians speak the same language - impulsive vs corrective waves.
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