APPL looks interesting going into the fib time pressure of 55 days on the 2nd of Nov measured from the Aug low.
Nice Chart Mup. Status. Short position covered as said after .25 rate cut announcement. Long position opened set stop at the last low. Set target at 200,20,25 points or wave v = wave i or iii. Scenario 1: Minute Wave .2 had ended at around -820.3,-73.8,-135.86 below September high. Subminuette Wave i or Microwave .i-.v is was 273.9404, 28.88, 99.27 points long. Subminuette Wave ii or Microwave .á, .â and .ã was 212.5703, 29.47, 77.1099 points long. Subminuette Wave iii had ended and Subminuette Wave v started with the .25 cut and might be 350,35,70 points long. Strategy 1. Keep long position. Sell short at target. Scenario 2. Minuette Wave .1:1 had ended at around -820.3,-73.8,-135.86 below September high. Monday - Tuesday Wave was Minuette Wave .1:2, had shown Subminuette Wave .1:2á, â and ã and was 273.9404, 28.88, 99.27 points long. Minuette Wave .1:2 had not ended yet but is going into Microwave .1:2γ.v Strategy 2. Open short position when when Microwave c.2:cv.v ends around 200,20,40 points above Wednesday low.
EW tells what the Market can do (not will do). EW'ers do what the market tells. Futures point to a weak start, so close long position at open and open short position. Set stop at the last high. Set target at Wednesday low. Re-enter short if that level broken.
Just a thought on Ed's Just to many people are seeing a Flat with this mornings down move, being the start of the C wave of the A-B-C flat. It just seems a "to easy" count that always catches an old wavers attention, that all may not be as it seems...
XOM results and Citi bank rumors... And the fact the market did five waves up into the close were wave 5 = 78.6% of wave 1.