Tidbit
Started by
maineman
, Dec 27 2006 11:33 AM
4 replies to this topic
#1
Posted 27 December 2006 - 11:33 AM
also...trin very interesting today
and.... seems to be very little selling after the buying splurges so far....
and....lots of buying in the DOW call options
mm
#2
Posted 27 December 2006 - 11:56 AM
I'm still thinking ED on dow..
http://stockcharts.com/c-sc/sc?s=$INDU&p=60&yr=0&mn=2&dy=8&i=p75092060862&a=80000313&r=2498.png
http://stockcharts.com/c-sc/sc?s=$INDU&p=60&yr=0&mn=2&dy=8&i=p75092060862&a=80000313&r=2498.png
#3
Posted 27 December 2006 - 12:14 PM
Thansk for the info on "ED".... stuff I don't study or understand, btw.
So you are saying that even though we've had a 3 to 4 already, an ED would be a sort of quick 3 to 4 "part 2" followed by the exhaustion up to 5 before "the big" collapse?
Thanks for the teaching.
mm
#4
Posted 27 December 2006 - 12:20 PM
I have to echo mainman. What are you referring to when you say "ED"? There is no label on the chart.
IT
#5
Posted 27 December 2006 - 12:26 PM
ED waves should be three wave moves....I've redrawn trying to show the abc of each wave..waves should overlap too....as you can see wave 4 overlapped top of wave 1...
info on ED..."ending diagonal"
scroll down on this link
http://www.elliottwa...ets/basics2.htm
http://stockcharts.com/c-sc/sc?s=$INDU&p=60&yr=0&mn=2&dy=8&i=p75092060862&a=80000313&r=7600.png
info on ED..."ending diagonal"
scroll down on this link
http://www.elliottwa...ets/basics2.htm
http://stockcharts.com/c-sc/sc?s=$INDU&p=60&yr=0&mn=2&dy=8&i=p75092060862&a=80000313&r=7600.png
Edited by Teaparty, 27 December 2006 - 12:28 PM.