Elliot Wave

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Comment by James M Kurtz on November 20, 2009 at 8:21am

My charts are here..

http://investorshub.advfn.com/boards/board.aspx?board_id=16421

Comment by Zeeshan Maqsood on November 7, 2009 at 2:58am

imo, p3 is the dumbest fad to hit the markets.
People who read this post in 1 year will realize I was right :)

Comment by michael eckert on October 9, 2009 at 9:39pm

Hello Everybody, this is my first time here
I have a blog -http://ewtrendsandcharts.blogspot.com/
and some public EW charts to share
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3287600

Comment by margaret on February 11, 2009 at 8:57pm

where is daneric

Comment by badmofo1024 on February 1, 2009 at 10:06pm

As per EWP, yes you are correct. I was referring to 'most people', as in the majority. They look for previous wave 4 to be hit, or .382. This is their target. My comment was simply that this is more of a maximum amount that a requirement. Again, if you quote EWP, you get the rule, not the guideline. Thanks.

Comment by badmofo1024 on February 1, 2009 at 9:16pm

We're in a sticky place. Lots of people expect to see a higher bounce than what we got for MAJOR W4. Others, simply are looking for the last leg down to complete MAJOR 1. Either way, we're getting close to a serious rally, as far as EWT is concerned.

As for alternation, don't pay too much attention to it... it's a guideline only. It's a 'nice to have', not a requirement.

I've seen MANY wave 4's retrace *very* little in terms of price and time. Most people say the MAXIMUM is a previous 4, or .382. This *is* the maximum... there is no minimum.

However, large moves like what we are going though, are tough to measure and predict. The best thing to do is figure out *how* a move needs to complete to get to a destination. As long as the move is progressing towards the destination, and fits the rules, everything is fine. When it starts to break down, then things need re-evaluation, and bets to the destination should be lessened.

As for the market, is *all* gambling, every single time.

GL

Comment by farsighted on January 29, 2009 at 8:28pm

Join Elliottwave International, the free stuff. go here: http://www.elliottwave.com/... Do the free lessons. Buy a copy of Precter's book: Elliottwave Principle... look on Ebay or Amazon for a cheap copy... Be prepared to be confused... LOL! It takes a while to understand this stuff...
Good Luck!!!

Comment by T-Odd on January 29, 2009 at 3:08pm

To add, my scenario would also seem to account for an alternation between wave 2 and 4, where wave two ending Aug 11 is longer and more complex and wave 4 ending Nov 4 is sharper shorter and more direct. This would also allow wave 5 to approximate the magnitude of wave 1. No?

Comment by T-Odd on January 29, 2009 at 3:01pm

I'm new to EW, but is the argument against the S&P Oct 28 low ending the 3rd because Oct 10 had a lower intra day low? If not, it seems that I can count a 5 wave down for 3 ending on Oct 28, wave 4 high on Nov 4 and wave 5 end on Nov 21. So then Jan 6 is wave a, Jan 21 b and now working on c to complete wave 2 of C? I must be way off by why?

Comment by havingfun (newbie chartist) on January 24, 2009 at 10:57am

Anyone starting out on elliott wave will find this useful.
http://www.megaupload.com/?d=GS74FVEX

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