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Below 11,500 DOW...just for a quick update

trade safe the next two weeks

Insider

The Wave 4 is more complex, but usually brings a higher high, in the sequence of the five waves down.
This time the market is so weak that the next impulse will be very deep
We will make new lows

current jpy strength suggests that we cud be at the start of the move

Insider...I've tried that count on too...but what bothers me is that the wave 3 on there is more of a three than a five and the wave 1 you have on there....if you put a count on that...wave 4 would overlap wave 1.....so I threw it out.
If counted that way...there is a chance that it's some type of ED C wave...and wave 4 would have to come up and overlap wave 1 at 1406 area....but then that move would be outside of the parallels that would have to be drawn. I'm still open to an even bigger ED C wave...where the recent lows is only wave 1 and wave 2 still needs higher. All fwiw and IMVHBWTFDIKO


http://stockcharts.com/c-sc/sc?s=$OEX&p=D&yr=3&mn=1&dy=8&i=p54983412612&a=100527698&r=5497.png

The Wave 4 is more complex, but usually brings a higher high, in the sequence of the five waves down.
This time the market is so weak that the next impulse will be very deep
We will make new lows

hi islander. can i ask, what makes you think this is a wave 5 down movement or a wave three sequence?
thanks.

The Wave 4 is more complex, but usually brings a higher high, in the sequence of the five waves down.
This time the market is so weak that the next impulse will be very deep
We will make new lows

hi islander. can i ask, what makes you think this is a wave 5 down movement or a wave three sequence?
thanks.

Price and time symmetry

Insider

Ps.: Tightrope...my name is Insider not Islander

Insider...I've tried that count on too...but what bothers me is that the wave 3 on there is more of a three than a five and the wave 1 you have on there....if you put a count on that...wave 4 would overlap wave 1.....so I threw it out.
If counted that way...there is a chance that it's some type of ED C wave...and wave 4 would have to come up and overlap wave 1 at 1406 area....but then that move would be outside of the parallels that would have to be drawn. I'm still open to an even bigger ED C wave...where the recent lows is only wave 1 and wave 2 still needs higher. All fwiw and IMVHBWTFDIKO


http://stockcharts.com/c-sc/sc?s=$OEX&p=D&yr=3&mn=1&dy=8&i=p54983412612&a=100527698&r=5497.png

I can't imagine another count

It's too perfect for price and time symmetry

....will see

Insider

Insider...I've tried that count on too...but what bothers me is that the wave 3 on there is more of a three than a five and the wave 1 you have on there....if you put a count on that...wave 4 would overlap wave 1.....so I threw it out.

I think (3) as labeled, is incomplete to the downside...needing a thrust out the triangle to be completed.
Clarifying wave (1) by confining wave 4 of (1) to the the Friday after Thanksgiving works for me..fwiw.


Alternatively the whole chart could be relabeled as an ABC, where if C=A, with the target of 1248 SPX..(C=1.618 x A).

If the 1937 fractal holds sway...then following the SPX 1248, we'll get a (4) up and (5) down ending in July.

P

Edited by peregrine, 22 February 2008 - 08:50 AM.

u cud as well say that (3) happened on the US holiday and the actual lvl of the low would have been 1220. it just never printed on the charts we all have cos of the limit down in esh8. if my point is correct wave 5 shud finish in the 1180 area. cya

u cud as well say that (3) happened on the US holiday and the actual lvl of the low would have been 1220.
it just never printed on the charts we all have cos of the limit down in esh8.
if my point is correct wave 5 shud finish in the 1180 area.
cya

We may hit your numbers...but you can't count waves and end points that aren't there. . . . not with ewave analysis anyways.