tag:blogger.com,1999:blog-4251274909260261631.post2486847579069591438..comments2024-03-28T00:23:17.858-04:00Comments on Elliott_Trader: Not an Especially Good SignElliott_Traderhttp://www.blogger.com/profile/14941335198945083652noreply@blogger.comBlogger29125tag:blogger.com,1999:blog-4251274909260261631.post-71200929541484209442019-08-21T16:50:14.013-04:002019-08-21T16:50:14.013-04:00A 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-38594242573891778432019-08-21T15:32:10.418-04:002019-08-21T15:32:10.418-04:00The sidewaysness of the market has allowed ES to c...The sidewaysness of the market has allowed ES to cross the 0-2 line. If this is a 4th wave that is fair enough. However YM and DAX futures have still not hit that line which lies about 0.15% below those indices and is rising. So a little more price weakness and/or sidewaysness will get the same 0-2 line contact for YM and DAX futures. Perhaps this explains the recent price action and what the markets are waiting for.Billyhttps://www.blogger.com/profile/04789527978026192974noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-31982978792748476562019-08-21T14:57:48.219-04:002019-08-21T14:57:48.219-04:00I did not know you were writing a book. I will bu...I did not know you were writing a book. I will buy it when it hits the shelf. Thanks for you work and your willness to teach it.<br /><br /> Johnhttps://www.blogger.com/profile/04839085496900131260noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-52976504526090869342019-08-21T14:36:56.155-04:002019-08-21T14:36:56.155-04:00..waiting for two things to fall into place...waiting for two things to fall into place.Elliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-32495761795037906432019-08-21T14:13:41.788-04:002019-08-21T14:13:41.788-04:00Down to area of prior fourth wave.
https://invst....Down to area of prior fourth wave.<br /><br />https://invst.ly/bubkl<br /><br />TJElliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-56247663695102452022019-08-21T14:12:02.577-04:002019-08-21T14:12:02.577-04:00@Joe
Any news about the book you were writing?
Wil...@Joe<br />Any news about the book you were writing?<br />Will it ever be published?John Lockehttps://www.blogger.com/profile/12139221039491641631noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-52299434608186885662019-08-21T13:46:14.698-04:002019-08-21T13:46:14.698-04:00ES first fifteen minute close below lower channel ...ES first fifteen minute close below lower channel boundary.<br /><br />https://invst.ly/bub7q<br /><br />TJElliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-54394613028861661802019-08-21T13:10:35.228-04:002019-08-21T13:10:35.228-04:00Reminder: FOMC minutes at top of next hour.Reminder: FOMC minutes at top of next hour.Elliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-28405938644550076732019-08-21T12:55:32.852-04:002019-08-21T12:55:32.852-04:00..and measurements show there was clearly a near-e.....and measurements show there was clearly a near-equal high which could, of itself, qualify as the .b wave of a b wave. An item to be alert for is if this wave goes 'over the high', then an expanded flat for b might also be possible; not, for sure, possible.Elliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-27368326124720958462019-08-21T12:39:42.709-04:002019-08-21T12:39:42.709-04:00..and measurements show that wave ((4)) has 'n.....and measurements show that wave ((4)) has 'not' been exceeded lower in less time than wave ((5)) took to form. This still suggests a corrective sequence at the moment - perhaps part of a diagonal.Elliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-90350735357422672042019-08-21T12:37:17.213-04:002019-08-21T12:37:17.213-04:00Here's an update; wave ((4)) at 0.382? Measure...Here's an update; wave ((4)) at 0.382? Measurements help reduce, but can not eliminate, bias or opinion.<br /><br />https://invst.ly/buafd<br /><br />TJElliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-17973342801728039512019-08-21T11:45:34.686-04:002019-08-21T11:45:34.686-04:00Doc we're not oversold either.Doc we're not oversold either.Billyhttps://www.blogger.com/profile/04789527978026192974noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-34435114003000954802019-08-21T11:36:36.316-04:002019-08-21T11:36:36.316-04:00disagree billy
down smashes come from oversold ...disagree billy<br /><br />down smashes come from oversold conditions <br /><br /> as in stochastic embedded below 20philhttps://www.blogger.com/profile/17295131008450340923noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-3916875339095275922019-08-21T11:26:10.981-04:002019-08-21T11:26:10.981-04:00That should be Aye, Aye, matey! :)That should be Aye, Aye, matey! :)Tachyonhttps://www.blogger.com/profile/10866268625664509045noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-82567609539053844982019-08-21T11:24:55.039-04:002019-08-21T11:24:55.039-04:00ET, you've thrown me with "a of diagonal&...ET, you've thrown me with "a of diagonal". Can you explain why an "abc" diagonal can be located where you suggest? Thanks.Billyhttps://www.blogger.com/profile/04789527978026192974noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-25919803802395515902019-08-21T11:08:45.896-04:002019-08-21T11:08:45.896-04:00I have a present time bias and that bias is the ma...I have a present time bias and that bias is the market should fall, but from a higher level perhaps even 2% higher or more. My bias also says the market should be moderately to quite overbought before it goes down in a big way. Futures and cash are not even overbought on the hourly chart. My bias also says that if in a C wave up then this C wave should eventually bounce all 6 futures indices (YM, ES, NQ, DAX futures, CAX futures and Euro Stoxx 50 futures to countertrend highs. Only the latter 2 have confirmed so far. Bias is not Gospel and can be wrong. It can also be dangerous. I think we close in a downtrend today even after higher highs on YM/ES/NQ. What will my bias say then? i of v of C complete.Billyhttps://www.blogger.com/profile/04789527978026192974noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-51328512005059680482019-08-21T10:57:19.483-04:002019-08-21T10:57:19.483-04:00Here's an update.
https://invst.ly/bu92j
TJHere's an update.<br /><br />https://invst.ly/bu92j<br /><br />TJElliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-1136748190784774252019-08-21T10:55:03.632-04:002019-08-21T10:55:03.632-04:00Downward wave is "longer in price" than ...Downward wave is "longer in price" than either ((2)) or ((4)). I think that means that ((5)) can't extend. It does not rule out that the high is A, and a low would be B, say of a diagonal.Elliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-15931793772121785012019-08-21T10:47:07.902-04:002019-08-21T10:47:07.902-04:00What's all the tweeting about? I think they al...What's all the tweeting about? I think they all know there is an upward wave that has stopped (for the time being at the 62% retracement), and they are all scared of what it would mean.<br /><br />"President Trump insists the economy is healthy and says the only thing holding U.S. growth back is the Federal Reserve." CNBCElliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-43411902146951132932019-08-21T10:43:50.759-04:002019-08-21T10:43:50.759-04:00Eye-eye skipper.Eye-eye skipper.Billyhttps://www.blogger.com/profile/04789527978026192974noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-60703213316720323212019-08-21T10:42:58.223-04:002019-08-21T10:42:58.223-04:00.. I can't find alternation that would make it..... I can't find alternation that would make it 3.. but I'll keep an eye on it.Elliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-49509614352286228732019-08-21T10:39:29.095-04:002019-08-21T10:39:29.095-04:00Could be 5 but may only be 3 waves and working on ...Could be 5 but may only be 3 waves and working on 4 now. The longer it "hangs around" the more likely a 4th wave (generally). DAX futures have a very nice 2.618 extension at the highs. 'Nother argument for only "3 up".Billyhttps://www.blogger.com/profile/04789527978026192974noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-75007351351988996572019-08-21T10:25:54.961-04:002019-08-21T10:25:54.961-04:00Five waves up in channel, and ((3)) > ((1)), bu...Five waves up in channel, and ((3)) > ((1)), but just barely. Be careful that ((5)) doesn't extend.<br /><br />https://invst.ly/bu8nh<br /><br />TJElliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-85606680348689268372019-08-21T10:15:48.098-04:002019-08-21T10:15:48.098-04:00The DOW can be counted as five waves up to a margi...The DOW can be counted as five waves up to a marginal new high.Elliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-62444869713527090452019-08-21T10:13:45.214-04:002019-08-21T10:13:45.214-04:00There are five-waves up in the over-night futures....There are five-waves up in the over-night futures. But, there are numerous alternatives that all must be considered:<br /><br />1. Five waves up to a truncation fifth wave.<br />2. Five waves up as A of a diagonal<br />3. Five waves up, but the fifth wave might extend because ((3)) and ((1)) are very close in price.<br />4. Five wave up which is part of a larger triangle.<br /><br />Best to "try" to gauge it by the technicals at this time.<br />TJElliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.com