cs
Dry Ships....
Started by
cybersaavy
, Jan 30 2009 12:39 AM
9 replies to this topic
#1
cybersaavy
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Posted 30 January 2009 - 12:39 AM
It would appear to be a fairly clean impulse wave off the recent low. Note that this count further implies that a wave 3 up would (in theory) follow.
cs
cs
#2
diogenes227
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Posted 30 January 2009 - 12:44 AM
It would appear to be a fairly clean impulse wave off the recent low. Note that this count further implies that a wave 3 up would (in theory) follow.
cs
Nice count. Thanks for the chart. When do you buy it?
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#3
hare_bear
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Posted 30 January 2009 - 12:49 AM
Yes seriously cybersavvy, thanks for the gnarly charts as always. Keep 'em coming. Thx.
#4
cybersaavy
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Posted 30 January 2009 - 12:59 AM
Nice count. Thanks for the chart. When do you buy it?
See guidelines here:
The most likely retracement for Wave 2 is 50% or 61.8% of Wave 1.
http://www.geocities...les.htm#imprule
cs
See guidelines here:
The most likely retracement for Wave 2 is 50% or 61.8% of Wave 1.
http://www.geocities...les.htm#imprule
cs
Edited by cybersaavy, 30 January 2009 - 01:01 AM.
#5
diogenes227
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Posted 30 January 2009 - 01:24 AM
Nice count. Thanks for the chart. When do you buy it?
See guidelines here:
The most likely retracement for Wave 2 is 50% or 61.8% of Wave 1.
http://www.geocities...les.htm#imprule
cs
I took a look at that post. It made smoke come out of my ears.
How about we buy the next white candle and put a stop in at the low of that day and if we don't get stopped out, we move the stop to break even as soon as we have a profit, and if we don't get stopped out there, we sit back and see if a three wave makes up rich?
Is that a plan?
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#6
LongShort168
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#7
jdjimenez
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Posted 30 January 2009 - 10:04 AM
Wouldn't the prices be?Nice count. Thanks for the chart. When do you buy it?
See guidelines here:
The most likely retracement for Wave 2 is 50% or 61.8% of Wave 1.
http://www.geocities...les.htm#imprule
cs
50% - 7.15
61.8% - 5.46
JDJ
Edited by jdjimenez, 30 January 2009 - 10:04 AM.
#8
FRM
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Posted 30 January 2009 - 10:07 AM
I don't know squat about EW, but there is a big gap at around 4.75 
from Friday December 5th close to Monday December 8 open, which might be an attraction point if it gets down there. Of course, da Boyz could just ramp right thru it, since it's kinda obvious.
from Friday December 5th close to Monday December 8 open, which might be an attraction point if it gets down there. Of course, da Boyz could just ramp right thru it, since it's kinda obvious.
#9
jdjimenez
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Posted 30 January 2009 - 10:58 AM
I don't know squat about EW, but there is a big gap at around 4.75
I believe if either the 50% or 61.8% support hold that the gap would be considered a break away gap.
JDJ
#10
FRM
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Posted 02 February 2009 - 09:53 AM
Gap at 4.75 closed this morning
