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  • #288,001
  • Sep 1, 2010 2:29pm Sep 1, 2010 2:29pm
Quoting The Fool
A little 3 o'clock fade would be nice, now, but I'm not betting too hard on it
They moved the algos to 3:30. Though, we did have that algo ramp up in the last 10 yesterday...
  • #288,002
  • Sep 1, 2010 2:34pm Sep 1, 2010 2:34pm
Quoting gatorinla
we have been pent up for weeks. im being cautious also. oil is 72.. i wish it was 80/82 now.. then i would be heavy on a short. the chf verses
usd says we are in a good trade.
what do u mean:we are in a good trade???you short eur already?
  • #288,003
  • Sep 1, 2010 2:43pm Sep 1, 2010 2:43pm
thanks, I have just started trying to learning Elliot Waves, so non of that makes any sense to me 'yet'. But I hope to get there soon.

Quoting manojsai
looks like middle of wave 3 ,inside wave (i) inside main corrective C......no two elliot ever agree on wave count
  • #288,004
  • Sep 1, 2010 2:43pm Sep 1, 2010 2:43pm
All bears take Care. bulls In Control Now
GL ALL
  • #288,005
  • Sep 1, 2010 2:43pm Sep 1, 2010 2:43pm
Quoting PriceVolume
They moved the algos to 3:30. Though, we did have that algo ramp up in the last 10 yesterday...
looks like the fade money all got made before lunch
"If The Fool persists in his Folly he will become wise." - William Blake
  • #288,006
  • Sep 1, 2010 2:43pm Sep 1, 2010 2:43pm
Quoting gatorinla
we have been pent up for weeks. im being cautious also. oil is 72.. i wish it was 80/82 now.. then i would be heavy on a short. the chf verses
usd says we are in a good trade.

yea very true, big moves take time to build.....the higher we go, the better the ride down will be. I like looking at au, it shows a pretty good picture of risk atm.

A top is undoubtedly forming.....look at the pattern in 07-08 before the crash. The same pattern is forming now just on a smaller scale.

If we are in the last wave right now, it should be a sine wave w/ decreasing amplitude. Meaning that the waves get smaller from 1-5.....its certainly looking that way right now.
Attached Image(s) (click to enlarge)
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  • #288,007
  • Sep 1, 2010 2:47pm Sep 1, 2010 2:47pm
Quoting The Fool
looks like the fade money all got made before lunch
Indeed. Dow looks like it's waiting for a featherweight to saunter up to it and shove it off a cliff....
  • #288,008
  • Sep 1, 2010 2:48pm Sep 1, 2010 2:48pm
Quoting bbtoy
what do u mean:we are in a good trade???you short eur already?
yes but the bulk is above 3281...
those who can, do. those who cant, talk about those who can
  • #288,009
  • Sep 1, 2010 2:49pm Sep 1, 2010 2:49pm
in both cases it looks like Wave 4 ends in Wave 1 ?
Does this not break the golden rule of the Elliott Wave ?



Quoting mfoste1
yea very true, big moves take time to build.....the higher we go, the better the ride down will be. I like looking at au, it shows a pretty good picture of risk atm.

A top is undoubtedly forming.....look at the pattern in 07-08 before the crash. The same pattern is forming now just on a smaller scale.

If we are in the last wave right now, it should be a sine wave w/ decreasing amplitude. Meaning that the waves get smaller from 1-5.....its certainly looking that way right now.
  • #288,010
  • Sep 1, 2010 2:52pm Sep 1, 2010 2:52pm
Quoting DrLobo
in both cases it looks like Wave 4 ends in Wave 1 ?
Does this not break the golden rule of the Elliott Wave ?

im pretty sure the waves are correct
  • #288,011
  • Sep 1, 2010 2:52pm Sep 1, 2010 2:52pm
Hey fool....see what went down on the Dow right at 3:30? Pretty small for today...but right on time....
  • #288,012
  • Sep 1, 2010 2:56pm Sep 1, 2010 2:56pm
Quoting gatorinla
yes but the bulk is above 3281...
good take~

but if CHF keep goin' down,eur maybe move up,right?
  • #288,013
  • Sep 1, 2010 3:06pm Sep 1, 2010 3:06pm
no fade, no volume, best retire til Tokyo. Later Swiss GDP & Retail sales & whatever from the ECB might slow down the euro, but this telegraphed move is probably heading back to August highs
"If The Fool persists in his Folly he will become wise." - William Blake
  • #288,014
  • Sep 1, 2010 3:10pm Sep 1, 2010 3:10pm
Quoting manojsai
so bears are getting excited!! check this chart.

2791 and 2780 resistance point.
*L* you better consider 2858 first.
those who can, do. those who cant, talk about those who can
  • #288,015
  • Sep 1, 2010 3:10pm Sep 1, 2010 3:10pm
Tomorrow we may get a down day before we move up a gear.
http://www.forexfactory.com/showpost...stcount=285531
  • #288,016
  • Sep 1, 2010 3:14pm Sep 1, 2010 3:14pm
Quoting bbtoy
good take~

but if CHF keep goin' down,eur maybe move up,right?
it bounced off tl. euro is top heavy.. but ill close eu above 2858. not before. and i will add more near it..a little heavier.. its the first day of the month.. so the bliss buy. like in august. but remember its now september. anything can happen.. but many times a sell off happens this month..and oct
those who can, do. those who cant, talk about those who can
  • #288,017
  • Sep 1, 2010 3:15pm Sep 1, 2010 3:15pm
Quoting Atlast
Tomorrow we may get a down day before we move up a gear.
http://www.forexfactory.com/showpost...stcount=285531
yeah not likely Wall Street can string together many (>2) big green days w/o some profit-taking. But I see Asian session bending this up above .2850 again.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #288,018
  • Sep 1, 2010 3:17pm Sep 1, 2010 3:17pm
Quoting Atlast
Tomorrow we may get a down day before we move up a gear.
http://www.forexfactory.com/showpost...stcount=285531
Agree, Already IN Yesterday
  • #288,019
  • Sep 1, 2010 3:20pm Sep 1, 2010 3:20pm
don't get comfortable with longs below 2858.. get over the hump first.
those who can, do. those who cant, talk about those who can
  • #288,020
  • Sep 1, 2010 3:30pm Sep 1, 2010 3:30pm
My view and i could b wrong but this how i read my Own chart
We going to 1.3125 (Next R on my chart)
Current Price 1.28
Above 1.2740 BUY

GL All
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