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Dow Jones.... Elliott Waves
- Thread starter MARKETWAVES
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tech/a
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Re: DOW JONES.... ELLIOT WAVES
Elliot wave analysis is one of the few forms of "Predictive" analysis I feel has any credence.
But rating your own thread 5 star when your pushing your own barrow-------
Elliot wave analysis is one of the few forms of "Predictive" analysis I feel has any credence.
But rating your own thread 5 star when your pushing your own barrow-------
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Re: DOW JONES ..ELLIOTT WAVES PART 2
Lovely charts - so??????????
Lovely charts - so??????????
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Re: DOW JONES ..ELLIOTT WAVES PART 2
MARKETWAVES,
What is the purpose of these charts? Why are you littering the forum?
MARKETWAVES,
What is the purpose of these charts? Why are you littering the forum?
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Re: DOW JONES ..ELLIOTT WAVES PART 2
Marketwatch is basically showing us the American market and where it's supposed to be heading thereby giving us a clue about Australia's direction. The monthly chart's show that there's still room for a final upward movement to complete wave 5. Weekly and daily charts show that we are have already completed a wave 5 and the US markets are in their decline. This can be seen in the last 2 months with the Dow having dropped 900 points at its lowest point 4 weels ago before moving up 400 points to where it's at now. If the waves are labelled correctly, the US market is in an elliot wave 4 before it continues dropping to below 10,000.
Marketwatch is basically showing us the American market and where it's supposed to be heading thereby giving us a clue about Australia's direction. The monthly chart's show that there's still room for a final upward movement to complete wave 5. Weekly and daily charts show that we are have already completed a wave 5 and the US markets are in their decline. This can be seen in the last 2 months with the Dow having dropped 900 points at its lowest point 4 weels ago before moving up 400 points to where it's at now. If the waves are labelled correctly, the US market is in an elliot wave 4 before it continues dropping to below 10,000.
tech/a
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Re: DOW JONES ..ELLIOTT WAVES PART 2
Actually they are good charts and very informative.
He knows his stuff.
Unfortunately he is expecting that all here can interpret Elliot Wave Analysis.
He is suggesting that the corrective move A,B,C maybe over and the current move is towards the final wave 5 move of a larger cycle.The currect upward move from C could also be labelled.
What is shown here are moves within moves which is all part of Elliot Wave theory.
The labelling of waves is the difficult part.
It is interesting analysis and one which takes sometime to be an expert---not something that I have wished to persue.
Actually they are good charts and very informative.
He knows his stuff.
Unfortunately he is expecting that all here can interpret Elliot Wave Analysis.
He is suggesting that the corrective move A,B,C maybe over and the current move is towards the final wave 5 move of a larger cycle.The currect upward move from C could also be labelled.
What is shown here are moves within moves which is all part of Elliot Wave theory.
The labelling of waves is the difficult part.
It is interesting analysis and one which takes sometime to be an expert---not something that I have wished to persue.
wayneL
VIVA LA LIBERTAD, CARAJO!
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Re: DOW JONES ..ELLIOTT WAVES PART 2
It's best done in retrospect :-X
tech/a said:
It's best done in retrospect :-X
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Re: DOW JONES ..ELLIOTT WAVES PART 2
Told Ya MARKETWAVES, there are some very negative people on this site!!!
dutchie said:
Told Ya MARKETWAVES, there are some very negative people on this site!!!
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Re: DOW JONES ..ELLIOTT WAVES PART 2
And yet again more negativity.....rolling on!
Jesse Livermore said:
And yet again more negativity.....rolling on!
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Re: DOW JONES ..ELLIOTT WAVES PART 2
My advice is to not post anything at all and just observe, too many critical people filling this forum
My advice is to not post anything at all and just observe, too many critical people filling this forum
tech/a
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Re: DOW JONES ..ELLIOTT WAVES PART 2
Wayne .
Your right youll get an accurate count atleast.
But as waves says it is subjective like all analysis and the wave count can and does change with market action.
For this reason trying to trade EW or Gann or Fib is almost impossible REALTIME. While Ive seen itclaimed that its being done Im yet to see it REALTIME.
Ive seen some very good results in hindsite and many many wrong calls in REALTIME.
Simply by the time the move is set in stone the opportunity to trade it has been lost,well most of it.
Kris---theyre pretty mild.
Wayne .
Your right youll get an accurate count atleast.
But as waves says it is subjective like all analysis and the wave count can and does change with market action.
For this reason trying to trade EW or Gann or Fib is almost impossible REALTIME. While Ive seen itclaimed that its being done Im yet to see it REALTIME.
Ive seen some very good results in hindsite and many many wrong calls in REALTIME.
Simply by the time the move is set in stone the opportunity to trade it has been lost,well most of it.
Kris---theyre pretty mild.
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Re: DOW JONES ..ELLIOTT WAVES PART 2
Yes, my post probably was a bit harsh.
My apologies Marketwaves. I'll try again.
Marketwaves I do not know much about Elliot Waves (but would be interested to know more).
Would it be possible to explain a little about each chart - what are the significance of the numbers, letters etc. What conclusions you are trying to make.
I am sure other members would appreciate a little more explanation too.
Yes, my post probably was a bit harsh.
My apologies Marketwaves. I'll try again.
Marketwaves I do not know much about Elliot Waves (but would be interested to know more).
Would it be possible to explain a little about each chart - what are the significance of the numbers, letters etc. What conclusions you are trying to make.
I am sure other members would appreciate a little more explanation too.
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This is really digging up an old thread, probably the most appropriate place for this exercise though.
If last night's low does not hold then we have a potential target area based on the theory.
Even if it does hold tonight I expect that we will end up in this area eventually anyway so we may as well get it over with.
11753 to 11406 is the typical expected area in this case.
(click to expand)
If last night's low does not hold then we have a potential target area based on the theory.
Even if it does hold tonight I expect that we will end up in this area eventually anyway so we may as well get it over with.
11753 to 11406 is the typical expected area in this case.
(click to expand)
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tech/a
No Ordinary Duck
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Good stuff Boggo.
Ill see if I can add to anything with AGET tonight.
Expensive day for my portfolio!
Ill see if I can add to anything with AGET tonight.
Expensive day for my portfolio!
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