"250, 25, 50 points up and 100, 10, 20 points down" is good for a Bull move (<38.2% correction). But a 150, 15, 30 is still OK, though not as good. A triangular correction will be the best chance for the bulls. Should enter long position around here when there is a higher high.
Yes, Mup. I agree. Mu. This may be time to sell again when there is a lower and get ready to reverse again.
Page 127 in Frost & prechter for lurkers looking for more Alt wave info.. A quick chart to show the bear option...... Just in case Big Ben Disappoints...
Is this an Intermediate Wave 4) correction? I doubt! URO/USE = 1.58 approaching 1.7 :eek: USD/JPY = 96 approaching 80 ---------------------------------------------------------------------------------- Posted by mu200411 on 08-18-07 07:58 PM: At the ends of Primary Wave corrections many individual investors have gone broke. Cycle Wave usually ends with bankruptcies of many companies and some governments. Supercycle Wave ends with collapse of some countries or economic systems. Ruling classes changed at Grand-supercycle Wave Corrections. Millennium Wave Corrections ended with the Fall of Empires and civilizations. ---------------------------------------------------------------------------------- Posted by mu200411 on 10-28-07 12:37 PM: And in June 2008 the Market would be around (1.4391=13806.7,1535.28,2804.19,91.86) 1.7=16309.77,1813.61,3312.57 and crude at 108.51. by simple math. ---------------------------------------------------------------------------------- Posted by mu200411 on 11-23-07 12:34 PM: Remember USD/JPY = 80?
Status. Short "Long position" closed at break even point near +150, +15, +30 from the low as said. Long "Long position" closed near +200, +20, +40 when there was a lower low. Short and long "Short position" opened near +250, +25, +50 when there was a lower low. Short position was not closed at -150, -15, -30 because there was no higher high. Short "Short position" closed just above -200, -20, -40 when there was a higher high. Long "Short position" closed just below -200, -20, -40 when there was a higher high. Short position re-entered at +100, +10, +20 and closed at -230, -23, -46. Long positions entered at the double bottom and the fifth wave count when there was a higher high. Short "Long position" reversed at the fifth wave count and +200, +20, +40 as said, reversed again at -100, -10, -20 as said, and again at fifth wave count and +200, +20, +40 and finally at -100, -10, -20 near wave four of a lesser degree. Strategy. Hold long positions to +200, +20, +40 if UP. Sell if down.
Also got the lesser 1:1 @ 1406.75 area... some key techincal pressure points...The Bulls must deal with...if they carn't then the bears will at least eye a -15 point correction..