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any elliott wave experts here

Started by tradesurfer , May 08 2008 11:13 PM

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7 replies to this topic

#1 tradesurfer

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Posted 08 May 2008 - 11:13 PM

is this stock starting Wave 3 of 3 of 3 now ?

or am I wrong on that, I am a total elliottwave amateur.

I am pretty sure it is starting primary wave 3, but i dont know if there is such a thing as a wave 3 of 3 of 3, but I am thinking there IS, and IF there is, am I correct in saying that wave 3 of 3 of 3 is the most powerful persistent portion of any wave type advance ???



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#2 Rogerdodger

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Posted 08 May 2008 - 11:18 PM

It looks like an ending horizontal..or something.
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#3 atlasshrugged

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Posted 08 May 2008 - 11:50 PM

its a textbook oneil cup and handle

#4 eminimee

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Posted 09 May 2008 - 04:41 AM

What index or stock is it?..what time frame?......but I'll guarantee you....it ain't any 3 starting as wave 2's aren't triangles..which that looks like.

Edited by Teaparty, 09 May 2008 - 04:46 AM.

#5 Jnavin

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Posted 09 May 2008 - 04:45 AM

You haven't provided enough information to determine if Elliott Wave analysis is applicable to the situation. Is this an index? A commodity? A stock chart? How much volume, exactly, is being traded? I'm guessing this is a thinly-traded penny stock in which case e-wave is pointless.

Edited by Jnavin, 09 May 2008 - 04:50 AM.

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#6 Swiss Trader

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Posted 09 May 2008 - 05:20 AM

Now for a confirmation you have to wait for a break out of i with increasing volume
Below point 2 and this count is invalidated

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Edited by Swiss Trader, 09 May 2008 - 05:21 AM.

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#7 tradesurfer

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Posted 09 May 2008 - 09:29 AM

Now for a confirmation you have to wait for a break out of i with increasing volume
Below point 2 and this count is invalidated

Posted Image


Thanks for the feedback on this one... and thanks for the chart paint swisstrader!

So it does look like it is headed for a wave 3 of 3 of 3 !

Yes actually this is a penny stock, so I left the symbol out for obvious reasons.


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#8 blustar

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Posted 09 May 2008 - 10:05 AM

Now for a confirmation you have to wait for a break out of i with increasing volume
Below point 2 and this count is invalidated

Posted Image


Thanks for the feedback on this one... and thanks for the chart paint swisstrader!

So it does look like it is headed for a wave 3 of 3 of 3 !

Yes actually this is a penny stock, so I left the symbol out for obvious reasons.


Tom


Elliott Wave works best where there is a large crowd partcipation. On thinly traded stocks it doesn't work well or not at all from my perspective especially if you are looking for 5 wave advances.

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