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I am long, but what happens could be this


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#1 q4wer

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Posted 24 February 2008 - 03:10 PM

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#2 Rogerdodger

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Posted 24 February 2008 - 03:23 PM

For weeks now, I've heard several others looking for 1220.

#3 eminimee

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Posted 24 February 2008 - 04:19 PM

..and for weeks now every time I see that count I've had to say..."wave 1 of 3 is a three not a five. ...and wave 5 is longer than 3 :)

#4 Jnavin

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Posted 24 February 2008 - 06:17 PM

I can count that wave 1 of 3 as a five. It's there. The 1 is the longest wave. The 3 is the next longest and the 5 is the shortest. The key rule is that 3 can't be the shortest - it doesn't have to be the longest. And wave 5 can be longer than 3 in the other case as well -- as long as the 3rd wave is NOT the shortest, it's good. That's the rule. But, more crucially, you COULD count that entire chart as a 1-2 and 1-2 (where the 3, 4 is) and it's even more fun.

Edited by Jnavin, 24 February 2008 - 06:20 PM.


#5 AChartist

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Posted 24 February 2008 - 07:14 PM

This does give you important stop and reverse, 1379.96 and 1316.75.
Worth putting on a sticky note, should be important.





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#6 eminimee

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Posted 24 February 2008 - 08:40 PM

I can count that wave 1 of 3 as a five. It's there. The 1 is the longest wave. The 3 is the next longest and the 5 is the shortest. The key rule is that 3 can't be the shortest - it doesn't have to be the longest.

And wave 5 can be longer than 3 in the other case as well -- as long as the 3rd wave is NOT the shortest, it's good. That's the rule.

But, more crucially, you COULD count that entire chart as a 1-2 and 1-2 (where the 3, 4 is) and it's even more fun.


I'd love to see how you are counting that wave 1 as a 5....maybe you could throw up a 15 min chart...as to the rest....it squeaks by on rules I suppose...but butt ugly. To quote you from the other day...."The count is wrong" and the 1,2,1,2 is "really wrong"

Edited by Teaparty, 24 February 2008 - 08:43 PM.


#7 Mr Dev

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Posted 24 February 2008 - 08:55 PM

Ya know I'm no ewave counter, but I was just thinking Friday what those who watch waves may be thinking. I would of thought someone would of posted a chart showing 4 was not likely finished and would end somewhat soon but much higher after an AB has played out the C might be expected before 5 even starts. Any pros " in the know" have an opinion? thanks

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#8 eminimee

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Posted 24 February 2008 - 09:09 PM

I'd like to see how anyone could count the boxed area as a 5...

..and Mr. Dev...I have it going higher....but not part of a 4th....as I can't come up with a count to even be in a 4th.



http://stockcharts.com/c-sc/sc?s=$SPX&p=60&st=2007-12-01&en=2008-01-01&i=p99259261301&a=93045759&r=5445.png

#9 thespookyone

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Posted 24 February 2008 - 09:19 PM

Mr Dev-I sure don't have the ewave skills of Tea, and he could tell you why I'm wrong for sure-but- I maintain an open mind that the 4 could be a flat here (and unfinished), but still wouldn't expect it to finish much higher than 1410-1415 or so. And really, although 3 counts I see would break no rules that I know of-I find no count particularly "clean" here.

Edited by thespookyone, 24 February 2008 - 09:20 PM.


#10 q4wer

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Posted 24 February 2008 - 09:38 PM

last Thursday was a good time to end wave 4, the moon eclipse.