Ewj: elliott wave

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

  1. freddy61

    freddy61

    $SPY Closed all long positions today and positioned to fully short for the next few weeks according to proprietary timing signal. Stops are set at SPX 1576 just in case.
     
    #9921     Mar 28, 2013
  2. freddy61

    freddy61

    The market might make a run to SPX 1578-1582 on Monday as it did not fulfill that target on Thursday. I'm fully short and will close all positions if the market closes above SPX 1576.
     
    #9922     Mar 31, 2013
  3. freddy61

    freddy61

    Still fully short from SPX 1569+/- 1 point. Moved stops to SPX 1562 on a closing basis. All the best.
     
    #9923     Apr 3, 2013
  4. INDU went UP about one hundred points short of 14800, then fell and showed Bearish Engulfing.
    SELL Signals in RSI, MACD and divergences.
    Same picture in SPX plus a confirmed small "Big M" pattern.
    Same picture in NASDAQ plus a confirmed small Head and Shoulders pattern.
    TRAN was most bearish with confirmed Head and Shoulders pattern and "Big M" pattern.
    UTIL showed some signs of topping.
     
    #9924     Apr 4, 2013
  5. Crude Oil went UP near $98 then fell sharply as expected.
    SELL Signals in RSI. MACD SELL Signal soon.
    Note a very "Big M" pattern.
    Silver broke to new low as expected. May be falling to measured move near $25.5.
    Gold still could not pass previous high and low and MA(50), and is now testing previous low.
    Gold's and Silver's SELL Signals in MACD and weak RSIs.
    $USD rebounded from 50% retracement.
    $XEU met MA(200) resistance.
     
    #9925     Apr 4, 2013
  6. freddy61

    freddy61

    Closed 50% short yesterday and 25% this mnorning. Still 25% short and will exit either today or next week. Trade safe and all the best!!!!
     
    #9926     Apr 5, 2013
  7. freddy61

    freddy61

    All short positions have benn closed from SPX 1569+/- 1point and no long positions have been taken. Will post when and at what level positions will be entered. I'm still very bearish on the market and the low will not take place until few days or weeks from now. Following Elliot Wave structure plus my proprietary timing signal remain the key to identify the most possible and accurate turn date. Trade safe and all the best!!!!I want this thread to be alive and followed as I started following the best ET traders on this site. No need to mention names..they know who they are!!!

    Trade safe and all the best!!!!
     
    #9927     Apr 5, 2013
  8. TRAN completed Head and Shoulders pattern rebounded to MA(50).
    Weekly TRAN's RSI showed SELL Signal. MACD might follow soon.
    INDU still strong, but showed divergences. INDU's weekly RSI at overbought level might give SELL Signal soon, same as MACD.
    NASDAQ confirmed "Big M" pattern and rebounded from channel support.
    NASDAQ's weekly RSI showed SELL Signal after multiple divergences.
    MACD might give SELL Signal soon.
    SPX's weekly RSI showed SELL Signal. MACD SELL Signal to follow.
    "Big M" pattern might be confirmed soon.
     
    #9928     Apr 7, 2013
  9. Crude Oil fell further according to RSI SELL Signal. MACD SELL Signal appeared as expected.
    There may be rebounded from new Head and Shoulders neckline to the new left shoulder level then fall again.
    Crude Oil is in triangles, break out on either side should be strong.
    Gold made a false break then rebound from channel support and a hammer.
    RSI BUY Signal and Hammer in weekly chart might send Gold UP to MA(50) or MA(200).
    A new low in Gold will be a nightmare because of the multiyear "Big M".
    Silver rebounded from previous lows and MA(200) near $26.5 with RSI BUY Signal. $29 will be a major resistance.
    $XEU Bullish Engulfing, might rebound to 132 before falling again.
    $USD Bearish Engulfing, might fall to 81.5 before going up again.
     
    #9929     Apr 7, 2013
  10. mup..... where are you ?
     
    #9930     Apr 9, 2013