35854 replies to this topic

[Hedge]

Hedge,

 

I just checked and they both show +13 on Dow Futures

 

BlythZ, what link are you using?

 

I'm looking at  http://www.sgxniftyd.../DOWFUTURES.htm

[RusQ]

I had the same problem. I also found that depending on how you look at the chart and more how you stretch the chart you can make links from almost anything. I am no expert on this but in my view before you could use this you would have to spend lots and lots of time studying charts until the pasterns emerge. but then again if you can see pasterns in charts you don't need wave theory. 

 

in my view there are no predictive tools that work reliably, having said that the market is essentially nothing to do with money and far more to do with sentiment. If the world fells good the stock goes up. I found that you get a much better idea of stock direction by reading as much of the news you can find, charts in my view are something that represents the market and informs you after the fact of a change. Your ability to make money depends on how fast you respond to that information.  

 

The bottom line here is that you are dealing with humans, there are a few things we all have in common, fear, greed, apprehension, apathy, happiness and sadness, if you can decide what of these emotions the world is feeling at any one time you will be able to follow the market. oh by the way you only need to know what half the world is feeling, the ones in the developed countries, and more importantly the feelings of the one percent in those countries, as hard is it sounds the rest of the people on earth just don't matter in stock market terms and that includes you and me.

 

G 

which leaves us where?

 

imvho, the right hind side of the chart (RHS == Price) is what rules. next come your discipline ito taking profit or respect stop losses. this works, whether you use astrology/golden ratios/HDB/whatever...

 

---fwiw : i am new on the forum and happy to acquire new insight - been around in markets since early '90's...

[grantmu]

Okay,my head is spinning.  Counting waves within waves within waves within waves and getting hopelessly lost trying to identify all the waves.   

I had the same problem. I also found that depending on how you look at the chart and more how you stretch the chart you can make links from almost anything. I am no expert on this but in my view before you could use this you would have to spend lots and lots of time studying charts until the pasterns emerge. but then again if you can see pasterns in charts you don't need wave theory. 

 

in my view there are no predictive tools that work reliably, having said that the market is essentially nothing to do with money and far more to do with sentiment. If the world fells good the stock goes up. I found that you get a much better idea of stock direction by reading as much of the news you can find, charts in my view are something that represents the market and informs you after the fact of a change. Your ability to make money depends on how fast you respond to that information.  

 

The bottom line here is that you are dealing with humans, there are a few things we all have in common, fear, greed, apprehension, apathy, happiness and sadness, if you can decide what of these emotions the world is feeling at any one time you will be able to follow the market. oh by the way you only need to know what half the world is feeling, the ones in the developed countries, and more importantly the feelings of the one percent in those countries, as hard is it sounds the rest of the people on earth just don't matter in stock market terms and that includes you and me.

 

G 

[AJS]

I would appreciate some feedback on this graph please? I am struggling to put together my Wave III's subwaves (Wave III in red).  I might be hopelessly off track though, so bare with me please.

 

Thanks guys.

 

*edit* , I know I have the current (red) Wave count wrong, it just doesn't look right.

Attached Files

•  Top40_EW.png   396.97KB   12 downloads

Edited by AJS, 19 June 2014 - 07:17 PM.

[RusQ]

Okay,my head is spinning.  Counting waves within waves within waves within waves and getting hopelessly lost trying to identify all the waves.   

is my problem also. looked into this (EW) seriously some years ago - there are enough rules (and if that fails, exception to the rules), that makes great hindsight reading. i'm yet to see a failed count, looking backwards...

 

good luck and all that!

[AJS]

Okay,my head is spinning.  Counting waves within waves within waves within waves and getting hopelessly lost trying to identify all the waves.   

[RusQ]

The Elliott tech work is never done. Meticulous scanning for options and confidence levels.

Always counting, always questioning yourself. You don't have to be nuts but if not already, you soon will be.

 

Here is the ex-tensioning of  the final wave of the big wave III. Looking to confirm if this is now complete...

 

AJS - I will look for a chart with what you asking

honest question, do you actually trade your count and subsequent targets?

[AJS]

The Elliott tech work is never done. Meticulous scanning for options and confidence levels.

Always counting, always questioning yourself. You don't have to be nuts but if not already, you soon will be.

 

Here is the ex-tensioning of  the final wave of the big wave III. Looking to confirm if this is now complete...

 

AJS - I will look for a chart with what you asking

 

Thanks, I appreciate it. I am going to have a stab at it myself now as well.

[Vertebrae]

The Elliott tech work is never done. Meticulous scanning for options and confidence levels.

Always counting, always questioning yourself. You don't have to be nuts but if not already, you soon will be.

 

Here is the ex-tensioning of  the final wave of the big wave III. Looking to confirm if this is now complete...

 

AJS - I will look for a chart with what you asking

 

 

[RusQ]

Am I missing something? US is red???

all commodities are green.

 

certainly misread the futures close-out today

 

although, how much to peeps closing out out and how much due to other factors? dunno fer sure...

[Beorn]

I've tossed the sink at a short on Sept Alsi @ 46478

No real reason, just looks like it was an over reaction today and I'm looking to close when we come close to a support line

[grantmu]

Am I missing something? US is red???

Personally I think this thing is going to drop like a rock, the only thing I haven't worked out is what day it will start. If tomorrow starts that slow sideways thing again then we are in for more of the same slow grind, OR I think there will be a correction tomorrow back to the bottom of the channel. that may lead to a bigger drop, but only if the rest of the world goes with it, the SA market will not correct by itself. 

 

G

[delta66]

my thoughts as well AJ...there might be some form of retracement but also feel even "higher" highs are going to be in before sell-off

 

entering around these levels on "longs" calls for strict adherence to stops(risk)  when the sky comes down its going to fall HARD and FAST!!  look into the woods, do you see all those glowing bear eyes

[AJS]

Am I missing something? US is red???

 

For now!

[Plasma]

hey guys..just back. glad for those who made money with today's run-up..lets see what impact DOW has on after hours market anyone wanna play?

Dunno, I'll just be my house, car, dog and gun that we will see yet another new ATH!

Am I missing something? US is red???

[AJS]

hey guys..just back.  glad for those who made money with today's run-up..lets see what impact DOW has on after hours market

 

anyone wanna play?   

 

Dunno, I'll just be my house, car, dog and gun that we will see yet another new ATH!

[delta66]

hey guys..just back.  glad for those who made money with today's run-up..lets see what impact DOW has on after hours market

 

anyone wanna play?   

[Plasma]

Are you (we) ever?

Ditto ....incredible...yesterday we went down to 45700 ish. And now shooting lights out..and me not on this speeding train!

Well ja, but happy with final 192 pips for the day.

[AJS]

The slightly bigger pic. An elastic exercise... rack em up

 

SA Top 40 Futures(Daily) Tech.jpg

 

Thanks a lot - I find it very useful as I'm quite interested in EW.

 

Looking at your counts - where did Primary I start at exactly? And the current Fib extension of Primary III from Primary II low?

 

Thanks again.

[Argento]

The slightly bigger pic. An elastic exercise... rack em up

 

SA Top 40 Futures(Daily) Tech.jpg

Thanks boet!

 

A