Ewj: elliott wave

Close short position due to higher high. Long is not opened.

 

Short position re-entered. Set stop at the last high. If stop out quit for today.

 

They've been reading the Book today...

from the other page...

http://www.elitetrader.com/vb/attachment.php?s=&postid=1664608

Again EW allowed us to predict the pattern before it even happened

 

Quick update on the NQ for elovemer

See how the NQ corrections are similar giving us a clue that the pattern in the same degree.

 

Mup, where to now in the S&P after this "X" appears to have been completed heading into the close?

 

Thats a job for me over the weekend, to step back take a bigger look at all the possible patterns

Do you have a current favored count Landis ?

Cheers Mup

 

Status.
Stop out and quit.

 

Landis82,
I appreciate your call.
ì

 

This one too, Landis82.

ì

 

Elliott Wave Minor Wave Trading Strategy: When to close a long position?

A review with a chart.
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Posted by mu200411 on 10-11-07 08:35 PM: Elliott Wave Minor Wave Trading Strategy
Elliott Wave Minor Wave Trading Strategy: When to close a long position?

Status. Hold long position since September 18th, 2007 at 13537.9503 1508.76 2688.7102
Scenario 1. Microwave 4)b.c:5v.v will end near 14199, 1576, 2835.
Strategy 1. Short sell near the above target when there is a lower low. Set stop at the last high.
Close long position when Wednesday low is broken.
Scenario 2. Microwave 5)1.3:5v.v will end near 14199, 1576, 2835, and will be followed by a 400,40,80 points correction.
Strategy 2. Same as strategy 1.
Scenario 3. Microwave 5)1.1:3v.v will end near 14199, 1576, 2835, and will be followed by a 200,20,40 points correction.
Strategy 3. Same a strategy 1 but keep long position intact.
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Quote from mu200411:

Elliott Wave Minor Wave Trading Strategy

1. Maintain Position according to the Minor Wave Count for a calculated length (1000 - 2000, 100 - 200, and 200 - 400 points move in Dow, S&P and NASDAQ respectively for this particular Minor Wave).
2. Trade counter trend during Minute Wave correction for a calculated length (100 – 200, 10 -20, and 20 – 40 points move in Dow, S&P and NASDAQ respectively for this particular Minor Wave).

Our EWMTer maintains a long position to be sold at around 1000 - 2000 points profit in the Dow. He tries to make some 100 – 200 points short term profit in the Dow out of boredom.
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Posted by mu200411 on 10-11-07 10:46 PM: The target is near but who dare to short this kind of Market. The target is for today close. Intraday may overshoot the target, wait for a sell signal, i.e., lower low.
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Posted by mu200411 on 10-11-07 11:10 PM: This may be Infrawave v.v:iv. The last Infrawave v.v:v will meet target or overshoot to the measured move. May be. May be not.
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Posted by mu200411 on 10-11-07 11:19 PM: Tick Wave v.v:vI has begun. (There is no need to expose yourself to a wrong count. Why take the risk? Only 0.000001% chance to get it right!. )
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Posted by mu200411 on 10-11-07 11:25 PM: Tick Wave v.v:vII. (Don't take it too seriously. Just for fun.)
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Posted by mu200411 on 10-11-07 11:32 PM: Tick Wave v.v:vIII has begun. It should be much longer than Tick Wave I.
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Posted by mu200411 on 10-11-07 11:45 PM: Tick Wave v.v:vIV or Ticklet Wave v.v:vIII.II. Tick Wave v.v:vV should be longer than Tick Wave III.
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Posted by mu200411 on 10-11-07 11:53 PM: Tick Wave v.v:vV has begun. The last Tick Wave.
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Posted by mu200411 on 10-12-07 12:00 AM: Ticklet Wave v.v:vV.I, .II and .III. Ticklet Wave .III should extend.
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Posted by mu200411 on 10-12-07 12:13 AM: Oh! I am sorry. I get it wrong. Those should be count Ticklet Wave v.v:vI.I,.II,.III,.IV,.V. Tick Wave II showed Ticklet Wave II.A,.B,.C. Tick Wave III has just begun (again ).
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Posted by mu200411 on 10-12-07 12:32 AM: Tick Waves I,II,III,IV and V should form an ascendign wedge.
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Posted by mu200411 on 10-12-07 12:50 AM: Tick Waves I,II,III and IV seen. Tick Wave V is coming soon. Prepare to short sell at the end of Tick Wave V or after a lower low, if you dare!
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Posted by mu200411 on 10-12-07 01:13 AM: Target reached with Tick Wave V. Wait for sell signal.
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Posted by mu200411 on 10-12-07 01:19 AM: These is Ticklet Wave V.I and V.II. The target should be overshot.
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Posted by mu200411 on 10-12-07 01:27 AM: First short sell today. Set stop at the last high. Try another short sell if stop out.
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Posted by mu200411 on 10-12-07 01:57 AM: Oh my God! What happens? Don't blame me for this dip. Keep this short overnight? Who dare?
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Posted by mu200411 on 10-12-07 02:05 AM: Expect a rebound here (near end of Subminuette Wave iv) and then lower low.
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Posted by mu200411 on 10-12-07 02:15 AM: No rebound. This may be a larger dip than expected.
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Posted by mu200411 on 10-12-07 02:20 AM: Oh! +110, +10, +20 is turning into - . What news triggers this sell off? Oil jumps $3, gold $756, treasuries fall = no rates cut.
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Posted by mu200411 on 10-12-07 02:29 AM: Long position has been closed at the last lower low. Keep short position.
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Posted by mu200411 on 10-12-07 02:37 AM: Five waves down, prepare to cover short if there is a higher high.
Re-enter short postion after the next sell signal.
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Posted by mu200411 on 10-12-07 02:40 AM: Short position closed. Prepare to open another short position at another sell signal.
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Posted by mu200411 on 10-12-07 02:53 AM: Re-entered short position after a-b-c and c showed 5 waves.
Set stop at the last high.
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Posted by Mup on 10-12-07 03:02 AM: I loved Ending diagonal patterns ( SPX Daily) Bears see that ED as finishing of the C of a expanded flat B wave. The bulls will be looking at the ED as finishing of the a Wave 3 of the lows and were going in to wave IV, (I'm using daily bars).
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Posted by mu200411 on 10-12-07 04:23 AM: Short position is closed when there is a higher high near measured move.
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Posted by mu200411 on 10-12-07 04:27 AM: Thanks, Mup.
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Posted by mu200411 on 10-12-07 10:50 AM:
Re: Elliott Wave Minor Wave Trading Strategy
Don't blame me. Blame Baidu.com note.

NEW YORK (CNNMoney.com) -- Technology led a broader stock market selloff Thursday, with investors backing off after pushing the Dow and S&P 500 to record intra-day highs earlier in the session.

The Dow Jones industrial average (Charts) lost around 0.5 percent. Earlier, the Dow had risen more than 100 points and hit an all-time intra-day high of 14,198.02.

The S&P 500 (Charts) index fell 0.5 percent. The broad index briefly hit a record intra-day high of 1,576.09 before backing off.

The tech-heavy Nasdaq composite (Charts) lost 1.4 percent, erasing early gains that set it at a fresh 6-1/2 year high. (2834.00)
http://money.cnn.com/2007/10/11/markets/markets_0500/index.htm
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