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E-wave Johnny's setup

Started by NAV , Mar 19 2008 02:27 PM

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6 replies to this topic

#1 NAV

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Posted 19 March 2008 - 02:27 PM

Wave a - 3 wave structure

Wave b - 3 wave structure ( High P/C ratio bear trap)

Wave c - Impulsive structure (Bull trap)

It's called a irregular flat correction.

All ended today at the 61.8 fib retrace.

Edited by NAV, 19 March 2008 - 02:29 PM.

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#2 Wavetimer

wavetimer system

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Posted 19 March 2008 - 02:48 PM

Wave a - 3 wave structure

Wave b - 3 wave structure ( High P/C ratio bear trap)

Wave c - Impulsive structure (Bull trap)

It's called a irregular flat correction.

All ended today at the 61.8 fib retrace.

I WILL TELL YOU RIGHT DIRECTION BUT WRONG WAVE COUNT ITS 4 OF 5 OF 5 OF WAVEC C DOWN <_<

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#3 NAV

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Posted 19 March 2008 - 02:53 PM

Had it not been for the Fed yesterday, that wave C should have stopped cold at the 38.2 retrace at 1316, where i shorted yesterday prior to the Fed announcement. The Fed news caused the wave extension. But then, it didn't change the trend.

Edited by NAV, 19 March 2008 - 02:54 PM.

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#4 NAV

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Posted 19 March 2008 - 03:07 PM

If we break the post-fed lows at SPX 1296 tommorow, the VST uptrend from 3/17 is over. Most likely they will gap-down and jump the creek tommorow. Looks like, i need to get active in the Globex session today. I think this move is gonna be a doozy !

Edited by NAV, 19 March 2008 - 03:10 PM.

"It's not the knowing that is difficult, but the doing"

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