Discussion in 'Trading' started by chapabranca, Jun 3, 2005.
Seriously, what's the green (line) indicator?
yes, and what exactly is the system?
Hindsight is the system, but he missed one possible additional trade. So his hindsight needs to be optimized.
I'll go out on a limb and say that the E-Mini S&P will pull back to 1203.50, then 1197.50, then 1193.50, then 1193.00, then 1191.50 and then 1186.25 on it's way to 1146.75. If it breaks through 1146.75, well, we will see. That's 72 points from current, lets see how I do. Oh, stop 1225.50.
All I know is my system says look for sell tomarrow. So I look for a sell signal with a 3 pt stop on the es. I try twice and that is it. no buys for tomarrow. Have a great day
Talking about Elliott Wave without SHOWING your wave "counts" ?
Uh...I don't see the "point" ?
An alternate count...
sneaky "E" wave may occur if crude takes a short-term plunge here. This will burn the shorts near-term and set-up for a great short at a higher price.
#1 down may be the start of a new bear move.
Interesting, but perhaps too simplistic.
Where you have labeled the A-Wave down, many have that as being the low for Wave 2 after Wave 1 terminated in March of this year, up from the 1060'ish lows of August of 2004 . . .
In otherwords, on a Daily Chart we are currently in Wave 5 of 1 of (3), especially if we close above 1229.11 on the Weekly Chart.
If you look at the pattern off of the April lows of this year, you see a clear 1-2, 1,2,3,4, and 5 in progress from the low of Wave (2) back in mid-April.
And here is the WEEKLY CHART for added perspective:
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