Exit Strategy. Suppose our Elliott Wave Minor Wave Trader was lucky enough to act on his buy signal at 13493.25 1503.68 2680.8299 13537.9503 1508.76 2688.7102, he is now looking for an exit point, which are the beginning of Minor Wave 2, 4, a or c. He looks at Intermediate Wave 4) and sees that a Minor Wave is about 1000 - 2000, 100 - 200, and 200 - 400 points move in Dow, S&P and NASDAQ respectively. So he is looking forward to sell beyond 14000, 1550, 2720 at the end of Minute Wave .5 If this is Minor Wave V)V1]5)2 there may be a correction about 50% of wave 1. If this is Minor Wave V)V1]5)4 the correction will be smaller. He still considers a fall into Minor Wave V)IVc]1)3 possible if this upward move falter too early. He places stop at his entry point.