tag:blogger.com,1999:blog-524424037855183124.post2551539799127676531..comments2023-08-27T02:28:24.135-07:00Comments on Elliott Wave Index Trader: Tues/Wed should be key for a reversalRichhttp://www.blogger.com/profile/00672860805931384423noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-524424037855183124.post-33399210848119093392009-05-19T12:16:00.000-07:002009-05-19T12:16:00.000-07:00Rich,
I don't like the chart either, and am count...Rich,<br /><br />I don't like the chart either, and am counting this as a B Wave up, but the possibility, and the background environment has made me less adventurous on the short sidePiazzihttps://www.blogger.com/profile/08013122913500639807noreply@blogger.comtag:blogger.com,1999:blog-524424037855183124.post-7040981229564731312009-05-19T11:30:00.000-07:002009-05-19T11:30:00.000-07:00Bob, glad to know I'm one of your favorites ;-). ...Bob, glad to know I'm one of your favorites ;-). Tony has never been a detailed market timer, which is why his smallest chart is a 60 min chart. It won't be the first time we had different counts, and I'm sure it won't be the last.<br /><br />Piazzi, certainly a possibility, and some others are in agreement with you. I, however, still don't like the chart, but like I said, I'm not putting spx 943 out of the picture.Richhttps://www.blogger.com/profile/00672860805931384423noreply@blogger.comtag:blogger.com,1999:blog-524424037855183124.post-92003586189663408472009-05-19T05:02:00.000-07:002009-05-19T05:02:00.000-07:00Hi Rich,
great analysis as always
I humbly think...Hi Rich,<br /><br />great analysis as always<br /><br />I humbly think we can count a wave iv without violating any rules or proportions<br /><br />http://3.bp.blogspot.com/_RNL6YmPeog4/ShKfX1IzcbI/AAAAAAAACzM/SVc5B671Ouk/s1600-h/snp_b_1.png<br /><br />I also think a more bullsih count can also be counted<br /><br />http://1.bp.blogspot.com/_RNL6YmPeog4/ShKfPelnbKI/AAAAAAAACzE/6GpNKdVQe0w/s1600-h/snp_b_2.jpg<br /><br />I am not predicting it, just examining posiblities and probabilities<br /><br />best regards,<br /><br />piazzi<br /><br />http://markettime.blogspot.com/Piazzihttps://www.blogger.com/profile/08013122913500639807noreply@blogger.comtag:blogger.com,1999:blog-524424037855183124.post-14458563475177132472009-05-19T04:54:00.000-07:002009-05-19T04:54:00.000-07:00This comment has been removed by the author.Piazzihttps://www.blogger.com/profile/08013122913500639807noreply@blogger.comtag:blogger.com,1999:blog-524424037855183124.post-89060783918216918862009-05-18T23:14:00.000-07:002009-05-18T23:14:00.000-07:00Thanks Rich,
This is no fun. You and Tony, my two ...Thanks Rich,<br />This is no fun. You and Tony, my two favorite guys disagree. <br /><br />The Ichimoku looks bullish, and the US Dollar looks like it's loosing to the Euro. I know you are a better trader than I, but you might want to see what the dollar does overnight against the Euro before jumping in with a heavy short. These markets are holding hands like sweethearts. It can give you a heads up before the market opens.Robert Campbellhttps://www.blogger.com/profile/09214258717538241014noreply@blogger.comtag:blogger.com,1999:blog-524424037855183124.post-2784539219911873562009-05-18T20:57:17.179-07:002009-05-18T20:57:17.179-07:00Katy - 943 absolutely could be tested (as I mentio...Katy - 943 absolutely could be tested (as I mentioned that a backtest of the line and the 200 daily MA was a possibility), so I'm leaving that option on the table. However, it is important to note that we just had a significant number of technicals have rolled over and we're moving into strong resistance. There is no guarantee that we'll get there (we never did in May 2001), so that is why I'm going w/ a half position now and another either late Tues or Wed depending on where we are with that target.<br /><br />Jean - certainly a possibility. I'm not sure how you count an impulsive move out of what has been going on. If this is a wave 4, then it sure 'looks' out of proportion to any wave 2 that it would be paring up with. The market should let us know what it is going to do this week though.Richhttps://www.blogger.com/profile/00672860805931384423noreply@blogger.comtag:blogger.com,1999:blog-524424037855183124.post-76708357351618961722009-05-18T20:07:00.000-07:002009-05-18T20:07:00.000-07:00We should be heading higher in Wave 5 of C.. Those...We should be heading higher in Wave 5 of C.. Those puts are gonna burn ya again!<br /><br />http://caldaroew.spaces.live.com/default.aspx?wa=wsignin1.0&sa=460360773Jeanhttps://www.blogger.com/profile/14981404348161694219noreply@blogger.comtag:blogger.com,1999:blog-524424037855183124.post-68692328579431285282009-05-18T20:02:00.000-07:002009-05-18T20:02:00.000-07:00Hey Rich, thanks for your analysis. You're going a...Hey Rich, thanks for your analysis. You're going against the tide with this reading, but I'm not saying you are wrong. I will watch the 60 min SMA. <br /><br />943 has intersecting lines of a Jan high and a backtest of the trendline. Do you think it might that high first?Katyhttps://www.blogger.com/profile/01580000404357189658noreply@blogger.com