.... what price level do you see the ED on NVDA beginning ? .... or the downside price target of the ED ? 27.... or 31.8 ? thanks
Its a lovely chart NVDA $27 is the start of wave i so thats the natural target. Because its a larger degree pattern, I would expect it to take 3 waves, were still in the first wave (a or 1), so we need to expect a retracement wave (b or 2) before we head back down to that $27 target. Your $31.8 is a good eyeball suport as its the 61.8% as well as the lesser degree wave ii which would be ideal for the end of the first wave decline. Also take a look a GOOG we could well be in wave iii of a ED with wave i starting at the 16th of Oct low
Buy and Sell Signals for Elliott Wave Traders. Elliott Wave Supercycle Wave Traders who entered long position in 1949 will wait until the end of Cycle Wave V)V in 2012 and sell when there is a lower low > 50% from the top. Elliott Wave Cycle Wave Traders who entered long position in 1974 might have waited until the end of Primary Wave V)III5] and sold when there was a lower low > 30%. Elliott Wave Primary Wave Traders who entered long position in 1982 might have waited until the end of Intermediate Wave V)III3]5) and sold when there was a lower low > 10%. Elliott Wave Intermediate Wave Traders who entered long position in April 2005 might have waited until the end of Minor Wave V)III5]5) and sold in July 2007 when there was a lower low > 3%. Elliott Wave Minor Wave Traders may get out of long position to avoid more than 400,40,80 points loss in the Dow, S&P and NASDAQ at the end of Minute Wave .5 when there was a lower low > 1% Elliott Wave Minute - Subminuette Wave Traders who set target of a 100,10,20 points movement may set sell signal at a lower low of around 20,2,4 points. Chart shows Sample Sell and Buy Signals on October 29th, 2007. Note the Time in the Chart 9:59 AM EDT is 11 hours earlier that in ET 08:59 PM. -------------------------------------------------------------------------------- Posted by mu200411 on 10-29-07 08:31 PM: Prepare to open short position when there is a lower low. -------------------------------------------------------------------------------- Posted by mu200411 on 10-29-07 08:59 PM: Short position opened. Set stop at the last high. --------------------------------------------------------------------------------
then why do you post. Are all your other posts same: DONT TAKE IT SERIOUSLY? LOL I love to take the money from you TA guys. Fantastic!!! Thanks buddies
What do you mean? You re-entered on the same side? I mean why do you get out if you re-enter short time later on the same side? Confused.....;-)