VST Ewave update

The rally up from Friday looks to be done.

Is it? Count the wave down for me. TIA.

Edited by thespookyone, 18 May 2010 - 03:30 PM.

Is it? Count the wave down for me. TIA.

Just a quick reply...the asked for labled chart will come later this evening. My decision to count wave C as finished has to do with the proportions of both waves A and B and the fact that today's top is in line with the previous two tops. Today's decline seems to be too large to fit the pattern anymore.

But I think you have something specific you're basing your comment upon. Do tell.

No, nothing special here. The rally from Friday looks over to me , as well. Was just curious to see, and I'm glad you'll post-your take of the count off the top today. I'm a daytrader, so of most importance to me is the shorter term counts. Although I could count this on a 5 to 30 minute basis, it's sloppy as crap-and looks forced-which I don't like. On a 60, it looks much cleaner. There is a shortage of wavers here, so I thought it would be fun to see what you are doing with it. Spooky

Before I forget, great timing work earlier. Also, I'll be glad to kick the count around with you once you post it.

Here's my count. I think we head up tomorrow AM.

Before I forget, great timing work earlier. Also, I'll be glad to kick the count around with you once you post it.

Give me your take on this...

(And thanks!!)

Sloppy as the waves are, I have no problenm with you appling an ABC take to it. I would cation, though=it looks a bit cleaner on a 60, and you may be completing a 1 of wave three after hours or in the morning. We also could easily be completing your C. The only difference, imho, is you might get a larger bounce on a 2 of 3 than you would a B to follow your A. Structure wise, I like your count-and it could easily end up being pretty symeytical with the count off the bottom-although your C down will be of great size-C's many times are. When we see the shape of the bounce off the low tonite or in the morning, I'll get back with you here and tell you what I'm favoring. Thanks much for taking the time to post the count-I'll be glad to message you one of mine sometime when I feel it might be of most benefit.

Sloppy as the waves are, I have no problenm with you appling an ABC take to it.

I label all of my waves as ABC. Perhaps I'm eccentric in this respect. It works for me.

I would cation, though=it looks a bit cleaner on a 60, and you may be completing a 1 of wave three after hours or in the morning. We also could easily be completing your C. The only difference, imho, is you might get a larger bounce on a 2 of 3 than you would a B to follow your A.

It sounds like the markets started to tank last night. We may indeed be in wave C down already. Using StockCharts, is there a good way to see if there was a bounce during the night?

Structure wise, I like your count-and it could easily end up being pretty symeytical with the count off the bottom-although your C down will be of great size-C's many times are. When we see the shape of the bounce off the low tonite or in the morning, I'll get back with you here and tell you what I'm favoring. Thanks much for taking the time to post the count-I'll be glad to message you one of mine sometime when I feel it might be of most benefit.

I appreciate your input! I am pretty particular when applying a wave count. The finished product must be mathematically sound.