Ewj: elliott wave

Discussion in 'Technical Analysis' started by mu200411, Aug 13, 2007.

  1. Tick wave V seen.
    May reverse any time soon.
     
    #731     Nov 8, 2007
  2. End of Tick Wave V.
    Wait for confirmation with a higher high, then reverse position.
     
    #732     Nov 8, 2007
  3. Mup

    Mup

    INDU & OEX are all ready Implusing so becarful about buying...
     
    #733     Nov 8, 2007
  4. Oh! Sorry, it extends.
     
    #734     Nov 8, 2007
  5. Mup

    Mup

    You always have to respect ALT Waves :)

    So untill its corrects back up over +15 points the bears are in control..
     
    #735     Nov 8, 2007
  6. Thanks Mup for the caution.

    Position reversed. Set a tight stop at the last low.
     
    #736     Nov 8, 2007
  7. Mup

    Mup

    They see the lesser MM hence that last spike with the Stops & Limits poping....
     
    #737     Nov 8, 2007
  8. Prepare to stop out and resume short position, if there is a lower low.:(
     
    #738     Nov 8, 2007
  9. Long stop out, reshort. Whipsaw again.:(
     
    #739     Nov 8, 2007
  10. Expect last move down as wave 5 of a descending wedge.
     
    #740     Nov 8, 2007