The End Posted May 31, 2003 Report Posted May 31, 2003 The wave circled looks like a 5 wave impulse and not an abc two. That is why I'm still bearish. Check the next post for my preffered count of that wave.
The End Posted May 31, 2003 Author Report Posted May 31, 2003 If this is correct Then we did not end the bear. It could also be an X wave and we are finishing wave c of two of three(very bearish). I give the last count possiblity becuase everyone is so g-d damn bullish.
The End Posted May 31, 2003 Author Report Posted May 31, 2003 Notice we did NOT break this trend line.
strikerm3 Posted May 31, 2003 Report Posted May 31, 2003 I appreciate your ewave studies... Dont ewavers have alternate counts for bullish and bearish counts such as other models do? Just wondering. Also what did you read and how long have you been doing your studies? Just wondering, thinking of buying a book soon.
The End Posted May 31, 2003 Author Report Posted May 31, 2003 Striker, what is posted on this thread is an alternate count. The books that got me started with Elliott where Precthers' At the crest of the tidal wave and Elliott wave Principle. From there is was learn by doing.
cyclist Posted June 1, 2003 Report Posted June 1, 2003 Hi End thanks for your update. I know you read Neely's stuff. Is he bullish or bearish these days? (w/o giving up overly proprietary stuff or violating copyrights, of course) thx
The End Posted June 1, 2003 Author Report Posted June 1, 2003 Cyclist, We MIGHT be near a MAJOR top. Does that answer the question?
MrHanky Posted June 1, 2003 Report Posted June 1, 2003 Cyclist, We MIGHT be near a MAJOR top. Does that answer the question? I do think we are near a major top here,although we may overshoot just a bit.Looking at tons of charts it seems we should be up against monster resistance in this area.Of course,anything can happen. Went full short at the close friday and I think it will ultimately be a good trade. entered drcvx @$4.00 even.
ApresMoi Posted June 2, 2003 Report Posted June 2, 2003 Looking at tons of charts it seems we should be up against monster resistance in this area. I don't see any significant resistance below 1140 (Mar/Apr 2002). What am I missing?
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