Merry Christmas and Happy Holidays, all! This is the short term channel I referred to in the post script to yesterday's post. So far, these sub-wave lengths can work.
thanks joe.merry christmas. i have an other count that is interesting - differs from your post in that, red x = blue i, red iii is blue 3, red iv is blue iv blue v can travel up to wave 1 of higher degree - good fibonacci targets
Marc, are you referring to a different time frame - your chart from Dec 3 while Joe's is from Dec 19? Joe, while I hear you loud and clear that measurement is key, surely for an experienced Elliottician like you, the look of the wave counts for something?
Hi Gerald. My policy is that I do not review individual names for people. I would be doing that forever. Most importantly, I see you did not follow the first two steps of The Eight Fold Path method.
mmm is currently third heaviest in dow so I thought that may be enough to get it through. there not being a count I've seen on here by you of it I thought I could learn a good deal. whether I was in error or it was valid.
I had consulted the 5,34 osc when I was going through I just took it off when I posted the chart. I wanted you to look at the wave that begins from 1/26 to and ends 10/26. that spans 191 bars. 34 * 5 = 170. so I really did not have another time frame to go to.
Thanks for the hard work and great analysis Joe (post on Xmax)! I understand that you believe we've completed five waves up since 2009 low. Do you see any chance of a larger degree correction than that (grand super cycle or something)?
joe - here is a big picture question........ early feb of 2016 around the 1820's area in the ES - marked the low of w4 of W5 [according to your charts]. Shouldn't we expect a quick retreat back to w4 levels in the first move off the top before seeing some kind of interim low??
I mean, i always see you reflect on this price behavior of "retreating back to previous w4 levels" at smaller degrees...... it applies to the larger degrees also yes/no???
please advise.................. and oh yes......god bless you and your family on this very Christmas day!
I want To thank you Joe for your devotion I wish you all the best. Thanks To your training, today you confirm my spx count. Expect gapdown To finish -v and bounce
ET, am looking at today's first high at 9.35 as "a", low at 2346.58 as "b" and current high as "c". This will alternate with zig zag as 4th way. Any possibility of that holding ?
Joe id dont know if that 3rd wave of yours can be counted as impluse. The whole move can be counted as 5 waves down. This is the most powerful wave since ATH, i dont think its wave degree is a 4th wave of the degree you are showing but we can figure tha out later. Thanks. not easy
PT - now you can see why 10% move in bear market isnt out of question in regards to that 2601 low wave 1 ....... i havent measured anything, but, a move like this can mean only a few things regarding the count.
Thanks!
ReplyDeletethanks joe.merry christmas.
ReplyDeletei have an other count that is interesting - differs from your post in that,
red x = blue i, red iii is blue 3, red iv is blue iv
blue v can travel up to wave 1 of higher degree - good fibonacci targets
https://imgur.com/a/DbU6DCz
Hi Marc. And Merry Christmas, too. In that count, the Green 5 doesn't 'look' like a five. Can't swear to it. But that's what it looks like.
Deletegreen 4 ends in triangle. 5 down for 5. you taught me looks dont mean anything and too measure. at worst its a good alternate
DeleteOK.
DeleteMarc, are you referring to a different time frame - your chart from Dec 3 while Joe's is from Dec 19?
DeleteJoe, while I hear you loud and clear that measurement is key, surely for an experienced Elliottician like you, the look of the wave counts for something?
today joe posted a subsection of the time period
DeleteJoe, can you look this chart over for me. I believed I have everything labeled correctly and I followed all the rules.
ReplyDeletehttps://imgur.com/LssQIQ9
Hi Gerald. My policy is that I do not review individual names for people. I would be doing that forever. Most importantly, I see you did not follow the first two steps of The Eight Fold Path method.
Deletemmm is currently third heaviest in dow so I thought that may be enough to get it through. there not being a count I've seen on here by you of it I thought I could learn a good deal. whether I was in error or it was valid.
DeleteI had consulted the 5,34 osc when I was going through I just took it off when I posted the chart. I wanted you to look at the wave that begins from 1/26 to and ends 10/26. that spans 191 bars. 34 * 5 = 170. so I really did not have another time frame to go to.
Thanks for the hard work and great analysis Joe (post on Xmax)! I understand that you believe we've completed five waves up since 2009 low. Do you see any chance of a larger degree correction than that (grand super cycle or something)?
ReplyDeleteHi Joe thanks again for your great works! Any chance you can shed some light on how that grand super cycle pan out based on current long term count?
DeleteThank you Joe. Merry christmas!
Deletejoe - here is a big picture question........ early feb of 2016 around the 1820's area in the ES - marked the low of w4 of W5 [according to your charts]. Shouldn't we expect a quick retreat back to w4 levels in the first move off the top before seeing some kind of interim low??
ReplyDeleteI mean, i always see you reflect on this price behavior of "retreating back to previous w4 levels" at smaller degrees...... it applies to the larger degrees also yes/no???
please advise.................. and oh yes......god bless you and your family on this very Christmas day!
Thanks for your greetings and wishes. Yes, at some point.
DeleteThank you Joe and Merry Christmas to you and your family!
ReplyDeleteI want To thank you Joe for your devotion
ReplyDeleteI wish you all the best.
Thanks To your training, today you confirm my spx count. Expect gapdown To finish -v and bounce
Nice. You're welcome, and thanks for saying!
DeleteTrump Urges Buying the Dip After Stocks Sink on D.C. Dysfunction
ReplyDeletehttps://www.bloomberg.com/news/articles/2018-12-25/trump-urges-buying-the-dip-after-stocks-sink-on-d-c-dysfunction
Here is one good possibility today.
ReplyDeletehttps://invst.ly/9mct5
It would put wave -iii of iii on the low of the EWO and wave -v of iii on a divergence. It could still just 'fall apart', but watch it close.
TJ
Thank you for confirmation...was seeing the same thing.
ReplyDeleteThanks, Joe!
ReplyDeleteET, am looking at today's first high at 9.35 as "a", low at 2346.58 as "b" and current high as "c". This will alternate with zig zag as 4th way. Any possibility of that holding ?
ReplyDeleteDiagonal has been exceeded higher in less time than it took to build it. True diagonal.
ReplyDeletemeaning higher degree 4th wave - move down from 12/3 finished 5 waves?
Deleteor it was ending diagonal for 4th wave?
DeleteLooks like ET referring to ending diagonal on spx which confirmed at 12.50 today. Likely in 4th wave.
DeleteWhat does that mean TJ?
ReplyDeleteDoes that confirm this is a 4th wave, iv?
ReplyDeletejoe, the chart i sent you would count this rally as a second wave not a fourth fwiw - thanks for the posts today
ReplyDeletepay attention to wave degrees this is highest degree up move since since 12/12 decline
ReplyDeleteNot in front of my computer.
ReplyDeleteIs 2421=38.2 retracement and enough for iv
ES now has "outside reversal day up".
ReplyDeleteThis 'neutralizes' the swing line; i.e. "no trend".
DeleteNo trend - signs like a 4th wave lol
ReplyDeleteNo trend means time to sell when its evaluated as uptrend
ReplyDeleteHourly chart and EWO still indicates like this.
ReplyDeletehttps://invst.ly/9mf9x
TJ
There 'was' an hourly 1.618 wave made to the down side. The count on it is murky and up for debate. Possible we might see a triangle.
DeleteJoe id dont know if that 3rd wave of yours can be counted as impluse. The whole move can be counted as 5 waves down. This is the most powerful wave since ATH, i dont think its wave degree is a 4th wave of the degree you are showing but we can figure tha out later. Thanks. not easy
DeletePT - now you can see why 10% move in bear market isnt out of question in regards to that 2601 low wave 1 ....... i havent measured anything, but, a move like this can mean only a few things regarding the count.
ReplyDeleteThe next day's post has been published.
ReplyDelete