tag:blogger.com,1999:blog-4251274909260261631.post4046017621911789904..comments2024-03-28T00:23:17.858-04:00Comments on Elliott_Trader: Five Waves Down to Minimum RetraceElliott_Traderhttp://www.blogger.com/profile/14941335198945083652noreply@blogger.comBlogger36125tag:blogger.com,1999:blog-4251274909260261631.post-32634177629614628732019-08-01T16:03:18.138-04:002019-08-01T16:03:18.138-04:00Daily S&P 500 closed below the lower bb. http...Daily S&P 500 closed below the lower bb. https://invst.ly/bhfyqJChttps://www.blogger.com/profile/12364507507977901359noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-22582463168748558252019-08-01T15:29:47.758-04:002019-08-01T15:29:47.758-04:00@Erik .. a minute ((b)) wave down can also be a FL...@Erik .. a minute ((b)) wave down can also be a FLAT-X-ZIGZAG, i.e. a complex without violating degrees. The X wave up (this morning) would be of larger degree as (a), down, and (b), up, and (c) down, and solve all the problems. No need to change counts.Elliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-2514415413779006712019-08-01T15:21:13.330-04:002019-08-01T15:21:13.330-04:00Is this something to look closer into? A different...Is this something to look closer into? A different terminal position for the leading diagonal? It would make the expanded diagonal an A or 1 wave instead, and help with degree considerations I believe? And also better sync between futures and cash index.<br /><br />https://invst.ly/bhfja<br />https://invst.ly/bhfkzErik Bhttps://www.blogger.com/profile/14192236925594985316noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-83731924026293564022019-08-01T14:12:48.830-04:002019-08-01T14:12:48.830-04:00..daily futures gap just filled...daily futures gap just filled.Elliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-27414383535837245762019-08-01T14:12:05.186-04:002019-08-01T14:12:05.186-04:00There is a futures gap at 2,953.75; prices current...There is a futures gap at 2,953.75; prices currently at ~2,956.Elliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-5623655515446853332019-08-01T13:55:28.456-04:002019-08-01T13:55:28.456-04:00There goes the FED low in the futures. Hey, these ...There goes the FED low in the futures. Hey, these guys work well together!Elliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-50297204559357528062019-08-01T13:53:33.331-04:002019-08-01T13:53:33.331-04:00I'm showing the tweet truncation like this, ot...I'm showing the tweet truncation like this, otherwise the retrace at the arrow is too larger and creates a degree violation.<br /><br />https://invst.ly/bhejh<br /><br />TJElliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-89211647308743009952019-08-01T13:38:32.698-04:002019-08-01T13:38:32.698-04:00Daily CL accelerating to the down side, below the ...Daily CL accelerating to the down side, below the 18 and 100 ma, and slow stoch. turning down. https://invst.ly/bhebxJChttps://www.blogger.com/profile/12364507507977901359noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-67282772421542944612019-08-01T13:36:22.181-04:002019-08-01T13:36:22.181-04:00so far ..so far ..Elliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-60776745937977858222019-08-01T13:36:04.502-04:002019-08-01T13:36:04.502-04:00..yesterday's cash .b wave low exceeded lower......yesterday's cash .b wave low exceeded lower.Elliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-9417573184605956392019-08-01T13:33:04.994-04:002019-08-01T13:33:04.994-04:00so now we have a expanding diagonal with an 'a...so now we have a expanding diagonal with an 'abc' retrace? TJhttps://www.blogger.com/profile/02051746863606911254noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-39130024940157753062019-08-01T13:32:04.788-04:002019-08-01T13:32:04.788-04:00Tariff tweet .."Trump says US will impose 10%...Tariff tweet .."Trump says US will impose 10% tariffs on $300 billion of Chinese goods starting September 1", source CNBCElliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-63102611496804803012019-08-01T13:28:02.199-04:002019-08-01T13:28:02.199-04:00..woa .. 38.2% busted .. looks like .c ended at th.....woa .. 38.2% busted .. looks like .c ended at the highElliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-25677120593849613012019-08-01T12:59:56.483-04:002019-08-01T12:59:56.483-04:00SP500 cash market is still inside of .c = .a; watc...SP500 cash market is still inside of .c = .a; watching for triangle or diagonal as a sign of a top. Sideways right now.<br /><br />https://invst.ly/bhdxg<br /><br />TJElliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-16403824523002000412019-08-01T12:36:37.716-04:002019-08-01T12:36:37.716-04:00ET, do you have an updated graphic of the short te...ET, do you have an updated graphic of the short term market structure at this juncture? KShttps://www.blogger.com/profile/18149901824139546273noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-2880837226671333872019-08-01T12:14:26.072-04:002019-08-01T12:14:26.072-04:00On the phone but I think 1412 would have been a ch...On the phone but I think 1412 would have been a channel hit on the aboveBBRiderhttps://www.blogger.com/profile/13990098977793691546noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-35488208046149366292019-08-01T12:10:20.190-04:002019-08-01T12:10:20.190-04:00@Erik, of course (a) and (c) are not dependent on ...@Erik, of course (a) and (c) are not dependent on each other. The (c) wave is a "third wave", and can grow by extension - like any 'third' wave. All that matters is that the first sub-wave of (c) is smaller than all of (a), which it is.Elliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-9882618993337608912019-08-01T11:42:18.040-04:002019-08-01T11:42:18.040-04:00ES at 76% retrace.ES at 76% retrace.Chttps://www.blogger.com/profile/16866527393964615605noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-67865319272708849432019-08-01T11:12:52.713-04:002019-08-01T11:12:52.713-04:00I say pretty good chances now. I say pretty good chances now. TJhttps://www.blogger.com/profile/02051746863606911254noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-42892672701158212072019-08-01T11:12:00.931-04:002019-08-01T11:12:00.931-04:00ET have shown several exp diagonals in different d...ET have shown several exp diagonals in different degrees on this bloggErik Bhttps://www.blogger.com/profile/14192236925594985316noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-12829879762223611882019-08-01T09:43:30.301-04:002019-08-01T09:43:30.301-04:00Joe -
What probability do you give to your primar...Joe -<br /><br />What probability do you give to your primary count that suggests this is a (c) wave of ((b)) with one more impulse to come which likely takes us to new highs? Roughly speaking. ThanksTJhttps://www.blogger.com/profile/02051746863606911254noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-12356322921374158732019-08-01T09:09:21.972-04:002019-08-01T09:09:21.972-04:00Yes question is under which cercumstances is (c) a...Yes question is under which cercumstances is (c) allowed to extend to 2.62? What’s the mechanism that regulates this? Offcourse 1, 2 or 3 of (c) have to be allowed to be bigger than (a) to make this possible, but what doesn’t make sence imho is if an even lower degree of subwaves is bigger than all of (a), like i, iii or v of 1, 3 or 5 as the current situation. (a) and (c) are still part of the same correction and degree, so intuition tells me that degree should be followed, at the same time corrections has to be allowed to morph into more complex structures, so maybe the degree mechanism isn’t working in the same way as in impulses? Maybe (a) and (c) isn’t that dependent on each other? Or one can reason that (a) and (c) is the motive waves within the correction and therefore have the same degree rules as 1, 3 and 5 within an impulse?<br />I guess one needs to make computer studies on this...Erik Bhttps://www.blogger.com/profile/14192236925594985316noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-87287590332718101732019-08-01T07:12:03.336-04:002019-08-01T07:12:03.336-04:00@jeff .. you just saw one above.@jeff .. you just saw one above.Elliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-62986121247955625692019-08-01T07:09:53.521-04:002019-08-01T07:09:53.521-04:00'defintitely' not. The principle of wave &...'defintitely' not. The principle of wave 'degree' does not allow the second two - which you are claiming is of smaller degree - to be larger than the first two, which it is by measurement. And, it can not be 1, and a 'flat' 2 because then b which would be a smaller degree wave than 1 would be larger in points than 1. This is also prohibited by the definition of the term wave 'degree'.Elliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-21299492838936276382019-08-01T07:05:28.819-04:002019-08-01T07:05:28.819-04:00No, it is not an E-D to the high. In neither cash ...No, it is not an E-D to the high. In neither cash nor futures does your wave (iv) overlap wave (i) which is the primary characteristic of a diagonal. This item was checked long before I posted the (a), (b), (c) count, and it led to a correct prediction of the move lower, with the really quite exact timing. You are now looking in the "rear view mirror" and trying desperately to see something which isn't even there!Elliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.com