Sunday, December 3, 2017

Weekend Video Update

There is a new short video to watch that eliminates a lot of conflicts in some waves, and provides both limits and targets, not possible before, particularly in the ES futures.


Many, many continuous hours of research went into the study of degree labeling prior to the publication of this video. So I do hope you enjoy it.

Have a great weekend,
TraderJoe
Posted by at

19 comments:

  1. MikeOakDecember 3, 2017 at 2:42 PM

    Hello. Glad to see you abandoned the idea of an extremely unlikely expanding ending diagonal count and decided to agree with the way I've been counting Minor wave 1 -
    https://www.tradingview.com/chart/SPX500/WjAO0CfP-Minute-ii-already-done/

    Your count doesn't respect however the Neely's rule/guideline of third waves having no price action beyond the 0-2 trendline - I'm referring to your Minute wave three of Minor wave three.

    Cheers.
    Miguel

    ReplyDelete
    Replies
    1. Elliott_TraderDecember 3, 2017 at 3:11 PM

      I have not abandoned the diagonal alternate for precisely the reason regarding the 0 - 2 trend line. That 0 - 2 trend line is not a problem in the diagonal count. Further, I said, the only way I could see the current count in a channel is with this 'degree' labeling. I did not say this count 'has to be' in a channel. Next I am studying the up wave from 2011 on forward to check on it's 0 - 2 trend lines. In short I may want to walk me and the readers through why a diagonal may be the only option left, pending the research.

      Regards, Joe.

      Delete
  2. mblctaDecember 3, 2017 at 3:41 PM

    Thanks for the video update Joe. I'm a little confused, though. At some points in the video it looks like you're saying that the current wave needs to work its way up to 2700, while other views show that it could have already ended last week, with a decline over the next few weeks taking it back down to 2420. Is that correct?

    ReplyDelete
    Replies
    1. Elliott_TraderDecember 3, 2017 at 6:55 PM

      Hi mblcta. All I am saying is that one of three counts holds. 1) The EWI count, which has all the technical indicators at maximums right now, and probably wrong for that reason. 2) The 'parallel' count which has the degrees right, but violates the minute 0 - to minute ii trend line rule, as it cuts off minute iii and is probably not correct for that reason, and 3) the Expanding Diagonal count - which, at last check - had none of these issues but needs to be rechecked to insure the degrees still fit like they once did.

      Delete
  3. Michael EckertDecember 3, 2017 at 5:03 PM

    Nice video ET, after watching it, the count makes more sense compared to when you posted it in the chat-room!!

    ReplyDelete
  4. 6QDecember 3, 2017 at 6:05 PM

    It is curious that two analysts from the same company can offer two different counts in the two separate services (STU/EWFF and Pro-Services)

    In Pro-services they are counting as finishing ((5)) of 3 and only ((5)) of 5 as second alternate

    In your last weekly S&P count, the corrections (ii) and (iv) are very short in time. Finally you do not apply the neely's rule of 1 in time = 2 in time, and 4 in time => 2 in time ?

    Thank you very much for the video ;)

    ReplyDelete
    Replies
    1. Elliott_TraderDecember 3, 2017 at 6:55 PM

      Hi 6Q - All I am saying is that one of three counts holds. 1) The EWI count, which has all the technical indicators at maximums right now, and probably wrong for that reason. 2) The 'parallel' count which has the degrees right, but violates the minute 0 - to minute ii trend line rule, as it cuts off minute iii and is probably not correct for that reason, and 3) the Expanding Diagonal count - which, at last check - had none of these issues but needs to be rechecked to insure the degrees still fit like they once did.

      Delete
  5. Marke60December 3, 2017 at 6:16 PM

    Joe,

    Thanks for taking the time to put together and share this update. I truly appreciate the passion you have on this topic and always look forward to learning from you.

    ReplyDelete
  6. ToddDecember 3, 2017 at 6:42 PM

    It’s not worth counting anymore. Everyone’s counts have been wrong.

    ReplyDelete
    Replies
    1. Elliott_TraderDecember 3, 2017 at 6:56 PM

      Hi Todd - Although I didn't make it as clear as I could, all I am saying is that one of three counts holds. 1) The EWI count, which has all the technical indicators at maximums right now, and probably wrong for that reason. 2) The 'parallel' count which has the degrees right, but violates the minute 0 - to minute ii trend line rule, as it cuts off minute iii and is probably not correct for that reason, and 3) the Expanding Diagonal count - which, at last check - had none of these issues but needs to be rechecked to insure the degrees still fit like they once did.

      Delete
  7. manuDecember 3, 2017 at 8:21 PM

    Thanks TJ

    ReplyDelete
  8. DrewDecember 4, 2017 at 10:26 AM

    Hey Joe....Thank you very much for posting the video here, super helpful! I greatly appreciate all you do!

    Regards,

    Andrew

    ReplyDelete
  9. ShawnsterDecember 4, 2017 at 1:53 PM

    Thanks for the unbelievably valuable insights Joe..hope you and your family have a great Holiday Season...Well done sir

    ReplyDelete
  10. domDecember 4, 2017 at 2:28 PM

    Salut joe
    Très bon travail
    Mais beaucoup de possibilités
    Donc on est dans le doute sur l'évolution
    Dommage que ce n'est pas simple

    Mais bravo joe

    ReplyDelete
  11. UnknownDecember 5, 2017 at 3:22 PM

    Thank you so much for this video! Was really helping out a lot!

    Regards
    Bent B. Jensen

    ReplyDelete

Subscribe to: Post Comments (Atom)