Ewj: elliott wave

If there is a rebound, this may be the target
5)1.3:3= 13133.4599 1441.04 2487.8001.
But by what news?
No hope in sight!

 

Yes, where did Mup go???

 

....on daily....
.... 50% can be done today.....
.....78.6% would be an even better long entry .....
.... for this accumulation campaign started at 1255 lows....
.... will watch for a low volume down for a good long entry

.... in AH .... 78.6% was entry ... and 78.6% was exit as well.....
..... 78.6% allows the market to take the maximum cash from the public

 

I think the Market is ready for a rebound now for about 700, 80, 140 points.
Mup went to the Gold Market which is a dangerous one now.

Status.
Short position closed at fifth wave of fifth wave of wave c at the end of wave four of a lesser degree.
Hold long "Long position".
Strategy.
Plan to open short "Long position" at open if the Market open up.

 

Here is the missing chart.

 

.... 50% was hit....
... let's see if they go for 78% or not.....

 

The problem with Elliott wave is the possibility that there is another wave five.
8% mortgage helped. BoE cut rate. No effect, so far.
Status.
Short term position reversed at open and reversed again when Tueday low was broken.
Strategy.
Sounding for bottom.
Reverse short term position when there is a higher high.

 

There is always the possibility of another new low. :eek:

 

Amazing how well Elliott Wave works when there are trending markets. Otherwise, it's just a-b-c-d-e sideways counts.

 

Status.
Hold short and long "Long position" after some intraday trades.
Strategy.
Close short long position if Market opens lower.
Prepare to close long "Long position" if January 28 low is broken.