tag:blogger.com,1999:blog-4251274909260261631.post3215538493051055561..comments2024-03-28T15:36:44.915-04:00Comments on Elliott_Trader: Second Day of Snap Back toward the LineElliott_Traderhttp://www.blogger.com/profile/14941335198945083652noreply@blogger.comBlogger38125tag:blogger.com,1999:blog-4251274909260261631.post-14432159412961922992019-08-08T18:15:50.237-04:002019-08-08T18:15:50.237-04:00Done !
Done !<br />6Qhttps://www.blogger.com/profile/08501180361682845563noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-14202958302573162012019-08-08T17:08:02.088-04:002019-08-08T17:08:02.088-04:00A new post has been started for the next day.A new post has been started for the next day.Elliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-59957419202528047202019-08-08T16:28:05.172-04:002019-08-08T16:28:05.172-04:00I thought that sideways action best suited 4 of ii...I thought that sideways action best suited 4 of iii of c. Now in 5 of iii of c. ii of c on ES was around 20 points and the sideways activity we saw in the afternoon was much smaller and looked inadequate in terms of proportion. In any event the "c wave" is moving along swimmingly.Billyhttps://www.blogger.com/profile/04789527978026192974noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-56049894860334399522019-08-08T16:25:56.162-04:002019-08-08T16:25:56.162-04:00..possible!..possible!Elliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-41503338299996576922019-08-08T16:24:49.475-04:002019-08-08T16:24:49.475-04:00Thank you ET. It seems logical a flat that during ...Thank you ET. It seems logical a flat that during the night, the price go to touch the 0-2-4 trendline (if there is not tweets that distort it, lol) 6Qhttps://www.blogger.com/profile/08501180361682845563noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-5114284627477551922019-08-08T16:20:09.590-04:002019-08-08T16:20:09.590-04:00Have you never read here about put/call ratio, sen...Have you never read here about put/call ratio, sentiment, and oscillators like the EWO/AO ?<br /><br />Of course, everybody looks his preferred indicators to confirm tops or bottoms. ET talks about them when is significant in his analysis and videos6Qhttps://www.blogger.com/profile/08501180361682845563noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-76339377277493025082019-08-08T15:54:48.411-04:002019-08-08T15:54:48.411-04:00Thanks, could also be 12-i-iiThanks, could also be 12-i-iiErik Bhttps://www.blogger.com/profile/14192236925594985316noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-90203864126023770812019-08-08T15:42:31.322-04:002019-08-08T15:42:31.322-04:00ES price has just gone over the high. Probably for...ES price has just gone over the high. Probably for the "b" wave of the flat described above. Chart below. Also, the futures gap described above at 2,934.50 was just filled.<br /><br />https://invst.ly/bn4zw<br /><br />TJElliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-87727043037254127092019-08-08T15:27:55.350-04:002019-08-08T15:27:55.350-04:00You might be correct, this could be a bear market ...You might be correct, this could be a bear market rally. Hate to tell you how many times I've seen a sharp sell off that, by standards of classic TA, seemed incomplete but was interrupted by what appeared to be a bear market rally which rally just continued on & on & on. And left me with a loss on some ill advised shorts. I ALWAYS formulate a possible bull & bear EW count to keep myself tuned to the possibility that my bias at any time could well be wrong....Apple Alhttps://www.blogger.com/profile/17204586750882418134noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-15329778653240205582019-08-08T14:57:44.246-04:002019-08-08T14:57:44.246-04:00Why is ir that EW analysis so often seem to ignore...Why is ir that EW analysis so often seem to ignore other technical indicators in offering a probable wave count. Does anyone believe, considering the larger technical context, that this is anything other than a (expected) furious bear market rally, to be shortly followed by a devastating third down?!Tachyonhttps://www.blogger.com/profile/10866268625664509045noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-39884663612878196252019-08-08T13:54:45.880-04:002019-08-08T13:54:45.880-04:00Note that 0.382 is back at the prior wave ((4)).Note that 0.382 is back at the prior wave ((4)).Elliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-52759608294321903362019-08-08T13:51:17.067-04:002019-08-08T13:51:17.067-04:00Agree 6Q .. or part of a flat. See below @1:50 pm....Agree 6Q .. or part of a flat. See below @1:50 pm.Elliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-35687323179237221592019-08-08T13:50:21.600-04:002019-08-08T13:50:21.600-04:00Here's one way to look at this wave. Five wave...Here's one way to look at this wave. Five waves up, and a 14% pull-back which may only be part of a correction.<br /><br />https://invst.ly/bn36q<br /><br />TJElliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-44255434298993707412019-08-08T13:44:52.003-04:002019-08-08T13:44:52.003-04:00Counts better as a A wave. Look for a probable tri...Counts better as a A wave. Look for a probable triangle.6Qhttps://www.blogger.com/profile/08501180361682845563noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-86738632796801673422019-08-08T13:21:45.684-04:002019-08-08T13:21:45.684-04:00Just for info .. there is an actual gap in the hou...Just for info .. there is an actual gap in the hourly futures at 2,934.50, as below.<br /><br />https://invst.ly/bn2sb<br /><br />TJElliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-18891836227762699262019-08-08T13:21:22.235-04:002019-08-08T13:21:22.235-04:00Heads up guys - 5 wave decline on the 1 min chart ...Heads up guys - 5 wave decline on the 1 min chart - Let's see if get a corrective move higher after it's complete<br />LINK - https://imgur.com/dCLqgs9KShttps://www.blogger.com/profile/18149901824139546273noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-80424218737784386172019-08-08T12:42:35.071-04:002019-08-08T12:42:35.071-04:00P.S. I keep wondering, 'where's the big tr...P.S. I keep wondering, 'where's the big triangle'? Ala the 'hounds of Baskerville', "why is the dog 'not' barking"?Elliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-48403140055822374192019-08-08T12:35:03.497-04:002019-08-08T12:35:03.497-04:00@TJ ..see below at 12:33 pm.@TJ ..see below at 12:33 pm.Elliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-63589485716198770642019-08-08T12:33:12.025-04:002019-08-08T12:33:12.025-04:00To some of the points above, I concur with many. S...To some of the points above, I concur with many. Some see a three-wave move. That is certainly possible. The Russell has made a new low. The DOW was the cleanest 'five-wave-move' to the high. What if minute ((b)), below, needs a much 'time' as minute ((a)), up, took? See chart below. We've had a rapid, dramatic drop to about 78.6%, just a hair beyond.<br /><br />https://invst.ly/bn1s0<br /><br />TJElliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-53220445203201495832019-08-08T11:52:57.724-04:002019-08-08T11:52:57.724-04:00I think you got it ET. Concur,I think you got it ET. Concur,Billyhttps://www.blogger.com/profile/04789527978026192974noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-63453146087711038902019-08-08T11:52:07.339-04:002019-08-08T11:52:07.339-04:00What is it that puts the bearish count ahead of th...What is it that puts the bearish count ahead of the bullish red alt one? Doesn't the move from the top to recent lows look more three wave - ending with a five waver - thus more A-B-C corrective (against the uptrend,) than a bearish impulse move?Kevinhttps://www.blogger.com/profile/04698279995158493856noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-16399339213455843252019-08-08T11:49:15.693-04:002019-08-08T11:49:15.693-04:003 of iii of C? I think the 1.382 at 2982 may be co...3 of iii of C? I think the 1.382 at 2982 may be conservative. iii of C may reach there by itself. European indices now breaking out of the stupor and starting to confirm the upward retrace. They have a long, long way to travel to provide a reasonable retrace. Billyhttps://www.blogger.com/profile/04789527978026192974noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-10809488815852181322019-08-08T11:44:10.291-04:002019-08-08T11:44:10.291-04:00Based on the 0 - 2 trend line in futures, this is ...Based on the 0 - 2 trend line in futures, this is one of the two best ways to count the futures (with Alternate clearly provided in red).<br /><br />https://invst.ly/bn100<br /><br />The second best way is i of (c) is on the 7 Aug high, and everything in the after-hours is a second wave flat.<br /><br />TJElliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-17968018015764190192019-08-08T10:58:47.857-04:002019-08-08T10:58:47.857-04:00I always go with the count that works in all the m...I always go with the count that works in all the major indexes across the board. In this instance, the only count that works in all the indexes is the corrective wave count. If the indexes are supposed to represent the overall market, then it makes zero logical sense that one index would be in an impulse wave, while all the others are in a corrective wave.mblctahttps://www.blogger.com/profile/07740912421131972048noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-67281441417242384332019-08-08T10:55:34.861-04:002019-08-08T10:55:34.861-04:00Cash now has a 1.618 x i, up.Cash now has a 1.618 x i, up.Elliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.com