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Probably should add wave A's can have a 3 or a 5 wave structure.
----- Original Message -----
From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, September 25, 2002 1:26 PM
Subject: Re: [RT] Re: Elliott Wave question
> Notice how shallow the pullbacks are, which can be indicative of short
> covering (same was true last night also after the low was put in)?
>
> There is also that unfilled gap up at 841.50 which needs to be filled
(oops
> has been filled, now).
>
> This is where things get interesting since we do have a clear ABC off the
> lows. Is this wave a:4 in a larger pattern or is this it? Time wise not
> enough has elapsed for a minor wave 4 (or even m.4:3) to normally be
> complete (16 hours for the minor 4 and 11 hours for the 4:3 from
yesterdays
> low).
>
> Might be a good one to apply some of the rules suggested in earlier posts
on
> the subject?
> don ewers
>
> ----- Original Message -----
> From: "tradewynne" <tradewynne@xxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Wednesday, September 25, 2002 1:01 PM
> Subject: [RT] Re: Elliott Wave question
>
>
> > > Expansions are bitch are'nt they :-) but must be factored into the
> > trading strategy.
> >
> > *I* never know exactly what's coming up next. From an EW perspective
> > it's hard to know in the begining of a move if it's a 1-2-3 (of five)
> > or an ABC. If it's impulsive it shouldn't overlap (much). So whichever
> > it is the "B" or the "2" starting points make sense for stops. Often
> > if you are in early that can be break even or better. In today's move
> > down off the open overlap of the bottom A or 1 was near 823, while
> > the top of B or 2 was near 828.50. If your short off the intitial
> > break that could be a point or so loss or even a small profit.
> >
> > FWIW though, I suspect most hourly A-D systems are long (mine is
> > for the first time in while).
> >
> >
> >
> > --- In realtraders@xxxx, "Don Ewers" <dbewers@xxxx> wrote:
> > > I would certainly agree on your statement:
> > >
> > > "As "simple" as an abc pattern might be you can get into a real
> > can of
> > > worms since Elliott patterns "work" on all degrees of scale. Is
> > this an abc,
> > > in a even larger ABC?"
> > >
> > > Expansions are bitch are'nt they :-) but must be factored into the
> > trading
> > > strategy.
> > >
> > > It may take more that one attempt and fading end of the C like you
> > said can
> > > be effective even if it expands (but profits need taken
> > anticipating the
> > > expansion with re-enter if it does not). Try looking for the minor
> > wave 2
> > > of wave C for an entry, fade the target, and look for the minor 2
> > of the
> > > next move in the opposite direction with stop at the end of C.
> > These tend
> > > to be low risk trades.
> > > don ewers
> > >
> > > ----- Original Message -----
> > > From: "tradewynne" <tradewynne@xxxx>
> > > To: "realtraders" <realtraders@xxxx>
> > > Sent: Wednesday, September 25, 2002 10:28 AM
> > > Subject: [RT] Re: Elliott Wave question
> > >
> > >
> > > > --- In realtraders@xxxx, "tradewynne" <tradewynne@xxxx> wrote:
> > > > > --- In realtraders@xxxx, "RB" <rhodes@xxxx> wrote:
> > > > > > Since we have had a few posts about elliott wave and
> > markets. I
> > > > > would like to ask a question.
> > > > > >
> > > > > > If you have a up move a have a clear 5 waves up then the
> > market
> > > > > starts down:
> > > > > >
> > > > > > 1. How can you tell if the down move is going to be an
> > A,B,C
> > > > > correction
> > > > >
> > > > > You don't. There are several corrective patterns. A simple idea
> > might
> > > > > be to wait until after a corrective pattern unfolds and then
> > fade it.
> > > >
> > > > Attached chart shows a 1 minute "abc" off the RTH Open.
> > > >
> > > > > > Any indicators that tip the correct waves off?
> > > > >
> > > > > I like the ADX. It tends to peak on impulses and bottom
> > > > > on corrections, but sharp "C" waves will whip it up.
> > > >
> > > > You can see the ADX valley near the end of the little "abc."
> > > >
> > > > > > But I am sure there must be a simple way to tell what is
> > going on,
> > > > >
> > > > > :-) "It's simple, but it ain't easy."
> > > >
> > > > As "simple" as an abc pattern might be you can get into a real
> > can of
> > > worms
> > > > since Elliott patterns "work" on all degrees of scale. Is this an
> > abc
> > > > in a larger ABC? What are the 5, 15, hourly, daily, weekly,
> > yearly,
> > > > or "grand super cycle" counts? I like the idea of KISS and not
> > worrying
> > > too
> > > > much about too many time frames.
> > > >
> > > > > >so one can be ready for the 4th and 5th waves down or the
> > 1,2,3,4,5
> > > > > waves up.
> > > > >
> > > > > Like many things, sometimes it's clear, sometimes it's not. I
> > don't
> > > > > think the idea is to predict the next little "4th" wave up, but
> > to be
> > > > > short since a corrective rally, or a big part of one, ended @
> > SPX 965
> > > > > and the pattern is still impulsive to the downside. IF there is
> > > > > a "4th" up, and if the pattern is clear, then maybe that's a
> > place to
> > > > > sell some more.
> > > >
> > > > See 15 minute SPX attached.
> > > >
> > > > >
> > > > > >
> > > > > > Any ideas?
> > > > > >
> > > > > > Thanks,
> > > >
> > > >
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