for gold, you're saying we're in a triangle, with the E wave having started lower. However, the triangle connecting ABCDE you show is neither descending, ascending, or symmetrical. Am I missing something?
The Not So Perfect but Perfect System 13 replies
Perfect Wave - 2011-Q2 33 replies
Perfect Wave - 2010-11 29 replies
Perfect Wave - 2011-Q1 20 replies
Perfect Wave - 2010-10 35 replies
DislikedRothschild - I would guess that SP spot index 1320 area could be where the reversal starts. We need to pay attention if SP ever moves to that area to see if there is any sign of exhaustion.Ignored
Dislikedfor gold, you're saying we're in a triangle, with the E wave having started lower. However, the triangle connecting ABCDE you show is neither descending, ascending, or symmetrical. Am I missing something?Ignored
QuoteDislikedQuote from jas_in_hbca:
bot a few apr 505 puts on aapl @ 2.88
looking for 540 to exit some
nice count . hopefully this 5th wave doesnt extend.
looks like a possible exhaustion gap yesterday on hi vol too
Dislikedjas_in_hbca - Thanks! Yes some people are saying that the release day of iPad3 is the reversal day of AAPL. Now the wave count for SP is taking the grey line scenario, which it has almost finished the 5-5-5 ... wave. I am thinking that either tomorrow or next Wednesday the key reversal could occur.Ignored
DislikedWell done on SP 1400. I do not expect it to hold for now either, but do you really believe it will drop below 1300? Not saying I don't think it will or not, just curious about your opinion.Ignored
Quoting MichaelPurcellDislikedOpinion is that we are due somewhat of a correction in the SP500.
Nice work Snowrider! SP500 will close the week under the 1400 mark and reinforces the downwards trend.Ignored
QuoteDislikedQuote from MADASINHATTER:
Yeah i got one.Why do you call it perfect? Do you mean in hindsight? Or is it part of the new world order where you take a word or phrase and use it to describe the complete opposite? Like saying " bringing peace and stability" while dropping bombs on people.Is it perfect in that sense? Where you show that it could go either up or down,on a scale of 1-10 how useful and perfect is that,say compared to just guessing?
QuoteDislikedQuote from bwolinsky:
What has your backtest showed and what have your results been?
It's apparent some logic's went into the chart drawings, but none placed on any performance summaries or analysis of the data.
Reminds me of Hershyites, must draw straight lines, without questioning whether they actually did go to where they ended when they were drawn or any regard to what actually happened later.
This thread is missing that analysis, and it's required if you expect anyone to really analyze the charts that have been posted.
Quoting BoyTraderDislikedHi snowrider some great posts on EW well done, some interesting points mapped out in the S&P.... I just have a question... is there any distinction on grey/purple trend lines? i.e one more probable than the otherIgnored
QuoteDislikedQuote from Wide Tailz:
[b]For similar reasons, I have a lot against fundamental analysis.
EW fits into my trend following system by filtering the buy signals by wave type. My be$t trades, by far, have been during a third wave (either the general market or the stock itself).
Wave 3 is the first higher low and breaks the previous trend line, and typically follows noticeable divergence in MACD, RSI, money flow, Stochastics, ROC, and any other momentum indicator. A huge candle as the dam breaks is the final confirmation.
OP: my comment...