hi i am Atef from egypt please I want to understand you about Robert Pretcher Analysis for DJIA In his book- How to Call the Market Using the Elliot Wave Principle about Fibonacci ratios In this image http://www.freeimagehosting.net/image.php?6180007890.png How fifth wave is equal to .618 of (wave 1 + wave 3) As is shown in the picture with the fifth wave price equal 8893 , while the first wave and the third their length both equal 995 point 8.9 times of w1+w3 Tell me if I'm wrong and If I was wrong, how Pretcher calculated it? Thank you With my best regards
Jones, ok, clearly you are new to this because FAZ/FAS reverse split umpteen times. I will be talking in REVERSE SPLIT TERMS MARCH 9TH SHORT $50,000; FAS at $2.50 SHORT $50,000; FAZ was at $180 BY JULY FAS is now $12, and you owe $200,000.. how are you going to pay up? Of course if you could hold to n --> infinite, the etf will be at 0, but seriously, who wants to wait infinite years? -- BOTTOM LINE: THERE IS NO -ARBITRAGE- OPPORTUNITY. LIKE ANY STRATEGY THAT YIELDS A HIGH POSITIVE RETURN, THERE WILL ALSO BE A HIGH STANDARD DEVIATION
ha ha.. +10.. murphy's law.. when u short.. they can call u any time.. and they will.. it has happened to me.. thou will get ruined... No one can take away the money from the big BOYS.
You're kidding with me, right??? I'm sure you know that a split or reverse split is capital neutral. Therefore, it would have no impact on the p&l of a short or a long position. I'd like to give you the benefit of the doubt... Perhaps I'm misunderstanding your point and someone else can clarify...