- Joined
- 21 April 2005
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- 5
kennas said:
Good words Kennas.
The rabbits are getting over reactive in their misunderstanding of what goes on in a chaotic world.
kennas said:This is a heathy correction.
Lucky we are having it because if the market had have kept going verticle we might have had a real crash. pe's will start to look more attractive soon, and the specuative money is being shaken out of resources, especially uranium.
A nice healthy correction.
Everyone keep their head.
I thought it was a 5. Now A. Maybe. Can you post your count up Mag.Magdoran said:Sure, but that's one hell of a wave 3 (assuming it is), so 4 is a LONG way down... even if it is a bull...
Disclaimer: My basic knowledge on this maybe too basic and therefore anything I say could be rubbish....kennas said:I thought it was a 5. Now A. Maybe. Can you post your count up Mag.
These are my 3 year and 1 year, both with wave 5s.
There's a couple of anomolies in the 3 year, but it's smoothed out on the monthy.
On the 1 year, I know wave 3 supposed to be the longest, but hey, it fits here!
I don't rule out another 5 wave up after this correction.
kennas said:Disclaimer: My basic knowledge on this maybe too basic and therefore anything I say could be rubbish....
That’s a classic McLaren “3 thrust” pattern you have there on your chart. That looks like the top of wave 3 at the high, depending on your count (especially if you look at the base count as having different degrees in action, and the ED extended 5th wave in the next degree down over the past couple of months or so). Wavepicker is the one to ask re the most accurate counts though…kennas said:I thought it was a 5. Now A. Maybe. Can you post your count up Mag.
These are my 3 year and 1 year, both with wave 5s.
There's a couple of anomolies in the 3 year, but it's smoothed out on the monthy.
On the 1 year, I know wave 3 supposed to be the longest, but hey, it fits here!
I don't rule out another 5 wave up after this correction.
Yes, the rule is that it can't be the shortest, but as I inferred in the post about it supposed to be the longest, that perhaps it might be wrong. If this rule is broken, does invalidate the entire count? If so, I can't see how a count can fit into the chart. Perhaps EW is invalid for the XAO?tech/a said:Kenna's
Your one year wave count cant be correct as wave 3 is the shortest wave.
Moggi thats an easy one you should have picked that!!!
Cheers. Perhaps I better join myself.tech/a said:Kenna's this may clear things up.
Radge has a count on his "Chartist site" and its different to mine both come to the same result. I may well be incorrect in "Exactness, but I believe both are valid. I'm sure if Radge sees this he may comment.
He's the expert I'm the Student.
Pager said:The pullback was well overdue and I for one have a few stocks on my radar to add to my long term holdings should the price be right once the dust has settled.
No, Daffy, I was talking about the 3 in the next degree up, but agreeing with Kennas that the last drive up was an extended 5th wave, but in an ending diagonal with a smaller degree 5 wave strucure in the extension of the smaller degree 5th wave... consistent with Prechter's model for ED...tech/a said:Kenna's
Your one year wave count cant be correct as wave 3 is the shortest wave.
Moggi thats an easy one you should have picked that!!!
And where you have the two 5s at the top is where the major 3 is in the next degree up... we think...Kauri said:gotcha....
MichaelD said:3. I'm now set to go short with my short term system as of tomorrow. I dabbled in shorting unsuccessfully last year, but came up with another system which has been paper trading for six months with an acceptable positive expectancy - the trading signals are there in abundance for tomorrow, so here goes with real money.
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