Perfect Wave - 2011-Q1

Discussion in 'Technical Analysis' started by snowrider, Jan 1, 2011.

  1. Since when? I have been losing on SP the past 1 month.
     
    #11     Feb 5, 2011
  2. 02/12/2011

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    #12     Feb 12, 2011
  3. 02/19/2011

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    #13     Feb 19, 2011
  4. 02/26/2011

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    #14     Feb 26, 2011
  5. 03/06/2011

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    #15     Mar 6, 2011
  6. 03/12/2011

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    #16     Mar 12, 2011
  7. 03/19/2011

    Comments are welcome!

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    #17     Mar 19, 2011
  8. in for later
     
    #18     Mar 20, 2011
  9. I'm only looking at the ES charts, but why is there so much difference between each chart? How do you know when to draw a new one?
     
    #19     Mar 21, 2011
  10. 1a2b3cppp - thanks for comments. I post my wave count every weekend when I am less busy, so probably that's why you see the wave counts change from time to time. For each chart, I draw two possible counts - which means two possible market movements in my opinion.

    For example, about SP, on 03/12 my counts were either wave-4 was ending (blue line) or a big collapse (wave-3) was going to happen (red line). On 03/19, since a sharp downward movement occurred which voided the wave-4 scenario (because the size of wave), I corrected my counts to either a higher degree of correction (wave-d) was completed (blue line) or the 03/12's red line scenario was still valid.

    You can find that some of my wave counts point to the same direction without ambiguity but some don't.
     
    #20     Mar 21, 2011