tag:blogger.com,1999:blog-4251274909260261631.post5628504258312515414..comments2024-03-28T08:36:02.955-04:00Comments on Elliott_Trader: The 'Few More Waves' Seem to Indicate 'At Least' An Interim TopElliott_Traderhttp://www.blogger.com/profile/14941335198945083652noreply@blogger.comBlogger31125tag:blogger.com,1999:blog-4251274909260261631.post-33675994531134504992019-07-18T16:32:45.644-04:002019-07-18T16:32:45.644-04:00See new post for next day.See new post for next day.Elliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-90565667047674022672019-07-18T16:32:22.756-04:002019-07-18T16:32:22.756-04:00There is a new post for the next day.There is a new post for the next day.Elliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-70851816978935091952019-07-18T16:26:38.408-04:002019-07-18T16:26:38.408-04:00think there is a little 4 and 5 left on gold. think there is a little 4 and 5 left on gold. BBRiderhttps://www.blogger.com/profile/13990098977793691546noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-20925226358171582642019-07-18T15:46:25.270-04:002019-07-18T15:46:25.270-04:00over 3over 3BBRiderhttps://www.blogger.com/profile/13990098977793691546noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-78902235112274442602019-07-18T15:25:32.891-04:002019-07-18T15:25:32.891-04:00Still not clear on the down count as the indices a...Still not clear on the down count as the indices are very mixed. What is clear however is today's rally retraced 61% on the YM and 58% on the ES from the notional highs. I'm thinking a rare red Friday coming up.Billyhttps://www.blogger.com/profile/04789527978026192974noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-1514681374568365072019-07-18T15:22:11.857-04:002019-07-18T15:22:11.857-04:00@ET - Any view the current market situation?@ET - Any view the current market situation?KShttps://www.blogger.com/profile/18149901824139546273noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-10007164985623986502019-07-18T14:43:41.283-04:002019-07-18T14:43:41.283-04:00Well there's 2993ish and a double top in the D...Well there's 2993ish and a double top in the DOW/YM but I only see 3 waves up with a 1.382 relationship. Billyhttps://www.blogger.com/profile/04789527978026192974noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-24460298647026554522019-07-18T13:59:46.721-04:002019-07-18T13:59:46.721-04:00At the ATH the DOW was rejected at the trendline w...At the ATH the DOW was rejected at the trendline which joins the Feb. 19 and April 19 highs at the 27400 area.<br />In today's cash session we've seen a lower low in SPX, DOW and YM but not in the ES. The YM low was an exact 1.5 extension of the previous up wave which opens the door to an expanded flat or a triangle. Either would fit as a wave iv. A "double top" flat would equate to 100 points higher, give or take. This would also require an upward C wave consisting of 5 waves which I'm not sure we are getting but IF it eventuated we are looking at 2993ish for SPX which is not totally out of context for a wave iv for that index. A triangle in the YM would also be satisfactory for a wave iv if we are looking for an eventual impulse down. With no lower low in the ES or NQ we really only have 3 waves down at present.Billyhttps://www.blogger.com/profile/04789527978026192974noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-16105955864839021192019-07-18T13:22:13.605-04:002019-07-18T13:22:13.605-04:00@Elliott_Trader - Do you have any other recommenda...@Elliott_Trader - Do you have any other recommendations on the best EW books to read?KShttps://www.blogger.com/profile/18149901824139546273noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-69015349280178501922019-07-18T13:04:55.622-04:002019-07-18T13:04:55.622-04:00@Bob_J: Neely, Mastering Elliott Wave.@Bob_J: Neely, Mastering Elliott Wave.Elliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-85177303949676936312019-07-18T12:59:41.446-04:002019-07-18T12:59:41.446-04:00Im the unknown. Im the unknown. BBRiderhttps://www.blogger.com/profile/13990098977793691546noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-79634455118675693402019-07-18T12:38:51.246-04:002019-07-18T12:38:51.246-04:00Where can I read more about the 0-2 trend line?Where can I read more about the 0-2 trend line?Bob_Johnsonhttps://www.blogger.com/profile/14070905799851621251noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-57239201405973823262019-07-18T11:46:22.753-04:002019-07-18T11:46:22.753-04:00@Bob_J .. re:mblcta, he 'never' does any w...@Bob_J .. re:mblcta, he 'never' does any worthwhile work on here; he 'never' has shown a chart with a correct count; he has 'never' made the correct call of a turn. All he does is jump on to feed his ego and try to criticize a past count. It is literally nothing of value.Elliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-65582641271448024232019-07-18T11:37:19.879-04:002019-07-18T11:37:19.879-04:00Moving wave ii up to 3,006 covers all the bases in...Moving wave ii up to 3,006 covers all the bases including the needed alternation.Elliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-49657678448145049652019-07-18T11:32:55.597-04:002019-07-18T11:32:55.597-04:00..cash SP500 is now through the low...cash SP500 is now through the low.Elliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-2462958546671474222019-07-18T11:29:43.634-04:002019-07-18T11:29:43.634-04:00This morning cash SP500 has only three-waves up; w...This morning cash SP500 has only three-waves up; with no 1.618 extension. In fact, c = 1.272 x a quite exactly. Then, after 'three-waves-up' a 90% retrace lower. You know the drill, "b wave of FLAT, or next impulse lower".Elliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-43459620203347896522019-07-18T10:53:50.676-04:002019-07-18T10:53:50.676-04:00But that count has 0-2TL issue so nevermindBut that count has 0-2TL issue so nevermindjwtx12https://www.blogger.com/profile/13120294205899099258noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-40672895748723825582019-07-18T10:41:48.102-04:002019-07-18T10:41:48.102-04:00SPX:
I think it is possible to count the first i-...SPX:<br /><br />I think it is possible to count the first i-ii (flat) as i-ii-((1))-((2)) which would make iii - ((3))) and iv - ((4)).<br /><br />Given that current up move at 1030 eastern is now the largest up move, that would indicate completed :5 and change of degree unless morning low is iii and we are now in iv. This puts iii at between 2 and 2.628 of i.jwtx12https://www.blogger.com/profile/13120294205899099258noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-85859703715032353052019-07-18T10:38:36.641-04:002019-07-18T10:38:36.641-04:00Rules are rules. Either you follow them or you don...Rules are rules. Either you follow them or you don't. Even if you move the end of wave ii up to 3006, and make it a running ii, then wave iii still violates the 0-2 trendline. Also, a running wave ii would not result in a wave iii that is shorter in length than wave i, and shorter in time than the running wave ii, nor would it result in a truncated wave v. All three of things things are because of the inherent internal strength required to produce a running wave ii.<br /><br />mblctahttps://www.blogger.com/profile/07740912421131972048noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-33202610741369952652019-07-18T10:32:55.079-04:002019-07-18T10:32:55.079-04:00I disagree that it was "useless". It wa...I disagree that it was "useless". It was a valid observation and one that you quickly chastise other posters for missing. Another "useless" observation on the above chart: where's the alternation between ii and iv?Bob_Johnsonhttps://www.blogger.com/profile/14070905799851621251noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-6838141935131282922019-07-18T09:55:38.364-04:002019-07-18T09:55:38.364-04:00If you mean on the way up, then just move ii as fa...If you mean on the way up, then just move ii as far to the right as you like so it still overlaps i. It still works. Another absolutely useless criticism from you. Your comments are not welcome here.Elliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-50133024885464134062019-07-18T08:50:07.205-04:002019-07-18T08:50:07.205-04:0010 cents off the 3410 cents off the 34Anonymoushttps://www.blogger.com/profile/09050544707400849968noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-54733123809641856462019-07-18T07:55:45.911-04:002019-07-18T07:55:45.911-04:00Watching triangle in gold. I lean towards needing...Watching triangle in gold. I lean towards needing on more trip under 34 for e.<br /><br />https://imgur.com/WpDOGhjAnonymoushttps://www.blogger.com/profile/09050544707400849968noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-8517360917481570012019-07-18T07:41:05.482-04:002019-07-18T07:41:05.482-04:00Why are you ignoring the massive 0-2 trendline vio...Why are you ignoring the massive 0-2 trendline violation? Almost all of wave iii is on the wrong side of the 0-2 trendline.mblctahttps://www.blogger.com/profile/07740912421131972048noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-64811145433378994852019-07-17T20:02:54.426-04:002019-07-17T20:02:54.426-04:00yes, Re: chart 2, the up channel is the right idea...yes, Re: chart 2, the up channel is the right idea. Re: chart 1; plausible but not the only possibility.Elliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.com