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#1 maineman

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Posted 27 December 2006 - 11:33 AM

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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
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#2 eminimee

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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

#3 maineman

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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
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#4 IndexTrader

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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 eminimee

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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

Edited by Teaparty, 27 December 2006 - 12:28 PM.