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http://stockcharts.com/c-sc/sc?s=$SPX&p=60&b=3&g=0&i=p38823957470&a=67036679&r=694.png
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&b=3&g=0&i=p21455250973&a=67199587&r=863.png
Elliott Wave SPX target for 1620
Started by
Russ
, Oct 18 2007 12:41 PM
8 replies to this topic
#1
Russ
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Posted 18 October 2007 - 12:41 PM
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#2
eminimee
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I don't care who's fur is flying...
Posted 18 October 2007 - 01:16 PM
that's the same as my count posted this morning if we topped a wave 3 last week....although I still have a lower low coming for the end of wave 4....
My more bearish count is if we topped a B or wave 1 of an ED which I've gone into detail on this morning in the same post. Either way...I still think spx 1505/07 gets hit and that better hold for the wave 4 scenario.
http://www.traders-t...showtopic=77667
PS....this pop going on here is NOT bullish
My more bearish count is if we topped a B or wave 1 of an ED which I've gone into detail on this morning in the same post. Either way...I still think spx 1505/07 gets hit and that better hold for the wave 4 scenario.
http://www.traders-t...showtopic=77667
PS....this pop going on here is NOT bullish
Edited by Teaparty, 18 October 2007 - 01:16 PM.
#3
fib_1618
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Posted 18 October 2007 - 01:22 PM
The count compliments the technical tools presented.
Fib
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“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
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#4
eminimee
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I don't care who's fur is flying...
Posted 18 October 2007 - 01:23 PM
another point....ndx makes a slight new high....it finishes a 5th wave....I don't have my full count on here..sorry
http://stockcharts.com/c-sc/sc?s=$NDX&p=15&yr=0&mn=11&dy=21&i=p60950679237&a=89413079&r=9263.png
http://stockcharts.com/c-sc/sc?s=$NDX&p=15&yr=0&mn=11&dy=21&i=p60950679237&a=89413079&r=9263.png
#5
Russ
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Posted 18 October 2007 - 01:29 PM
Ok, I thought it looked different than yours. He does have his IV beside the 1505 too.
We'll see but I think its going higher in Nov. 7-8 from here.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#6
Russ
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Posted 18 October 2007 - 01:32 PM
Ok, I thought it looked different than yours. He does have his IV beside the 1505 too.
We'll see but I think its going higher in Nov. 7-8 from here.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#7
eminimee
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- TT Member
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I don't care who's fur is flying...
Posted 18 October 2007 - 01:55 PM
that IV he's got at 1505 is the previous forth of lesser degree...if we topped a wave 5 , therefore topping a wave 3 of higher degree....that IV is also an often used target after a wave ending in an ED.
...but I'll stress again....having two ED's now in this move up off the aug bottom is suspect in being impulsive although it's been a great run.
My favoured count is that we topped a three wave move off the aug bottom. Last time I'll go on about that as I've spewed it way too much. Time will be the judge.
http://stockcharts.com/c-sc/sc?s=$NYAD&p=D&yr=0&mn=9&dy=3&i=p88250582328&a=113409410&r=1372.png
...but I'll stress again....having two ED's now in this move up off the aug bottom is suspect in being impulsive although it's been a great run.
My favoured count is that we topped a three wave move off the aug bottom. Last time I'll go on about that as I've spewed it way too much. Time will be the judge.
http://stockcharts.com/c-sc/sc?s=$NYAD&p=D&yr=0&mn=9&dy=3&i=p88250582328&a=113409410&r=1372.png
Edited by Teaparty, 18 October 2007 - 01:58 PM.
#8
Jnavin
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Posted 18 October 2007 - 02:04 PM
Simply put, Tea thinks 1506 is a likely low while Tony thinks about 1530 should do it...but Tony has 1506 as a support level if 1530 is taken out.
#9
NAV
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Posted 18 October 2007 - 02:13 PM
Simply put, Tea thinks 1506 is a likely low while Tony thinks about 1530 should do it...but Tony has 1506 as a support level if 1530 is taken out.
If per Tony's count, 1506 is tagged, then he can no more call it minute iv, cuz it will take out the lows of the next degree wave 4 at 1407, which will have more negative implications.
Edited by NAV, 18 October 2007 - 02:14 PM.
