Ewj: elliott wave

This smacks of the "X" wave that lead us out of 1974, which connected two Zig-Zags.

If this is the case, and a major LOW was set forth in 2002, as well as March of 2009, then Prechter and all of his P3 "Kool-Aid" drinking buddies (read Hochberg) are going to be sorely disappointed and lose the few remaining subscribers that they have.

 

Sell Signals again
May be real this time .

 

... if this is indeed the larger degree wave

meaning we are in wave 5

then wave 1 equals wave 5 at 1300 .... something to be ready for

 

above 1300 .... we are going to 1360 minimum

 

Complete count at measured move.
Better be-aware

 

I agree that a big bearish impulsive wave will occur very soon. The bullish wave count in daily chart is ending and so is the intraday hourly chart.

 

what he means is ...

a.... (POSSIBLE)... complete count at measured move.
elliott wave is NEVER a sure thing.

if the trend continues... which is what trends do...
... then it will be a complete count... only temporarily

don't discount the trend which is the most important indicator there is.

just my 1 shillings worth. : 0 )

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Quote from mu200411:
" Complete count at measured move.
Better be-aware "
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I agree that a big bearish impulsive wave will occur very soon. The bullish wave count in daily chart is ending and so is the intraday hourly chart.

 

of course... you could also be 100% correct

but trends tend to trend whereas counter-trend moves tend to end

 

here is the measured move i am looking at

 

Glad that we are on the same page. Please see my count of SP's possible target:

http://www.elitetrader.com/vb/showthread.php?s=&postid=3062173#post3062173