18 replies to this topic

[dcengr]

If you count this way, EW will truly become crap. Look at the wave 3 in pink.

Repeat after me. Wave 3 cannot be the shortest. Wave 3 cannot be the shortest.

Its not.. I counted the bars. Wave 1 is 18 bars, wave 3 is 19 bars

And price wise, wave 1 is 456, wave 3 is 393 tho, and I know that it should be the biggest. But I'm sure there's exceptions to the exceptions to the exceptions in EW somewhere

[DonBart]

I can't make a useless top call without showing some EW crap... so..

If you count this way, EW will truly become crap. Look at the wave 3 in pink.

Repeat after me. Wave 3 cannot be the shortest. Wave 3 cannot be the shortest.

And that's not the only problem with the count...

The pink wave 4 bottom overlaps the pink wave 1 top which cannot happen unless you have and ending diagonal , but in ending diagonals the subwaves unfold in 3 wave moves not five wave moves. So strike 2...

Strike three is your running wave 4 triangle from 2004 to 2006. The subwaves in a triangle must all be corrective 3 wave moves, no impulses allowed, and the rally from late Auguts 2004 to January 2005 is clearly impulsive. So strike 3...

Why is it that so many practice e-wave without knowing what any of the rules are?

[DonBart]

If you count this way, EW will truly become crap. Look at the wave 3 in pink.

Repeat after me. Wave 3 cannot be the shortest. Wave 3 cannot be the shortest.

Its not.. I counted the bars. Wave 1 is 18 bars, wave 3 is 19 bars

And price wise, wave 1 is 456, wave 3 is 393 tho, and I know that it should be the biggest. But I'm sure there's exceptions to the exceptions to the exceptions in EW somewhere

WRONG.

Pink Wave 1 and Wave 5 are both longer than Pink Wave 3. This is IMPOSSIBLE under e-wave rules, no exceptions, unless you wan't to create your own bastardized version called DCE-wave

[dcengr]

Btw since I'm bastardizing every TA out there, I'll make lindsay turn over in his grave...

Bottom bottom top signal



If this doesn't convince you that the top is in, I don't know what will

[youmast]

I really like this topic. Statement in proper English and explanation with easy to read charts. Very hard to find such analysis lately. Only few people can do like that. I hear mostly "SNORTING" or "ROARING" like at the zoo. Good quality job, dcengr! Thanks.

[eminimee]

Some more crap while we're at it...high,high,high?

http://stockcharts.com/c-sc/sc?s=$NDX&p=M&yr=9&mn=6&dy=0&i=p03760589209&a=90803935&r=5656.png

Edited by Teaparty, 01 November 2007 - 05:31 AM.

[Tor]

You're mocking me. Very well, I will give you a chart with some squiggly lines or some retracement or sentiment froth or internals or planetary alignment that will prove beyond a doubt that THE TOP is near.

Disbelieve me at your own risk. As the market goes down, you will ask "dcengr, please tell me when will it stop?"

All jests aside, my most reliable ST trade and weekly trade systems (which I've posted before and were 70 to 90% winners) will go short in a day or two...

But that depends on whether we get a bit more floatage to the upside. Its entirely possible that no signal will be given if it takes a dump tomorrow and friday.

This only applies to the NDX, not the Dow or SPX btw.

Well said. i have been looking for a short entry point. Its interesting.........recently I have observed that when the market "should" go down, it doesnt. i stiull give the indicators the benefit however.

good trading.

[eminimee]

DonBart Why is it that so many practice e-wave without knowing what any of the rules are? ...and is also the reason why so many say ewave does't work.

[blitz99]

Your not alone, I shorted the dow yesterday. But i posted my trade.