My E-wave Count
#1
Posted 20 December 2002 - 10:40 PM
And when you loose control, you'll reap the harvest that you've sown
And as the fear grows, the bad blood slows and turns to stone
And it's too late to loose the weight you used to need to throw around
So have a good drown, as you go down, alone
Dragged down by the stone.
--Waters
#2
Posted 20 December 2002 - 10:54 PM
#3
Posted 21 December 2002 - 01:08 AM
They say the danger's gone away.
But I can see the fires, still alight,
they're burning into the night." - Genesis, Land of Confusion
#4
Posted 21 December 2002 - 07:12 AM
Regards,
Vesselin
#5
Posted 21 December 2002 - 08:39 AM
Ignore the circles. Ano could only do a closing price chart for me, but those are the correct dates.
I have 5 waves down into the july low which is A. The only problem i see is lack of symytry in that the abc of B should be longer but, i can live with it.
Becuase of symytry the 5 waves from the high could have ended in sept 01'. Which would put us in 3 or c down already.
Peace
And when you loose control, you'll reap the harvest that you've sown
And as the fear grows, the bad blood slows and turns to stone
And it's too late to loose the weight you used to need to throw around
So have a good drown, as you go down, alone
Dragged down by the stone.
--Waters
#6
Posted 22 December 2002 - 09:50 AM
you can read my opinions on the Q's for the short term on my thread on LOB
In the interim, I think we havent yet completed wave 2 up... and that should be starting this week for a MINI RALLY
Also, your wave 1 up off the Oct lows is too high to then count a wave 3 as complete if its 5 waves... which it isnt, IMO of course.... Im just a simple guy remember. Wave 3's are 161% of wave 1 usually... and your chart doesnt really indicate that...
Either way, ST I see a bounce and then a major down leg...
We completed Leg 1 down of 3 of 3 of 3.... and now wave 2 should carry us upward a bit.....
We shall see... nice charts though, I love em...
#7
Posted 22 December 2002 - 02:58 PM
wave iii of the triangle is far shorter then wave i, true but, there is no rule that states wave iii must be 1.168 of wave i, just that wave three can't be the shortest wave, therefore wave v must be the shortest in this case, less the 82 points (waveiii). We shall see.
And when you loose control, you'll reap the harvest that you've sown
And as the fear grows, the bad blood slows and turns to stone
And it's too late to loose the weight you used to need to throw around
So have a good drown, as you go down, alone
Dragged down by the stone.
--Waters
#8
Posted 22 December 2002 - 05:33 PM
There are few rules in EW, however one of them is that wave 4 cannot overlap wave 1, as the 1 thru 5 labelling sequence denotes an impulsive wave sequence. Your triangle is then best counted as a corrective [abcde] wave which will lead to the next impulse wave down..
I also have a problem with the Aug to Oct (5-wave) sequence being labelled a b-wave as they are by definition 3-wave structures.. In simple corrective patterns, the only waves allowed a 5-wave structure are waves a and c..
#9
Posted 22 December 2002 - 05:48 PM
Absolutely correct on the i-iv labeling. I consider it a triangle and if you want to label it a terminal a-e, That's fine.
As far as wave B. If you look at it on a smaller scale. It can be very easily a triple zig-zag. Zoran pointed this out to me. If it is NOT a triple zig-zag, Then it most likey is impulsive and that doen't work.
For know, I still see it the way it is labeled.
We go up to 908-962 and then fall apart beneth the Oct lows.
And when you loose control, you'll reap the harvest that you've sown
And as the fear grows, the bad blood slows and turns to stone
And it's too late to loose the weight you used to need to throw around
So have a good drown, as you go down, alone
Dragged down by the stone.
--Waters
#10
Posted 22 December 2002 - 09:49 PM
Have you studied JB Jackson's charts at Public Charts.com? He ties in the overall EWave count to MACD crosses and SAR hits.. Each of his charts are named for time periods, from Monthly to 5-minute on S&P and Nasdaq.. Right now he sees us in a triple nested correction being Waves IV, [2], and B, otherwise called an E-Wave nightmare to count.. His basing a count on these indicators takes a lot of guesswork out of the process, as he's been extremely accurate so far..
http://stockcharts.c...et?obj=ID107444
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