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Ben
Look at the auto generated report from Elwave,one of my friend has
just send it to me,looks interesting one.
Fifth in a fifth
Now there are 4 consecutive wave degrees in an uptrend that have a
probability of completing
five waves! For picking a top this is an important alert, but be
careful.
The more patterns of different wave degrees show 5 waves that are
completing,
the higher the probability that a major reversal is just around the
corner.
This is an early warning so prices could still rise further if the
patterns extend, check other
indications of an ending trend as well. Active traders should focus
on smaller
wave degrees starting from Minor or minute. The summary inspector
will give its first indications
when the smallest wave degrees (at the bottom) change to negative.
The target is the area of the previous 4th wave, normally the
extreme of this 4th wave will be reached.
------------------------------------------------
Action : Short/sell
Applies to :
1st Wave degree :SuperCycle
% signals wave 3 :78.1609
% signals wave 4 :0
% signals wave 5 :21.8391
2nd Wave degree :Cycle
% signals wave 3 :57.3034
% signals wave 4 :0
% signals wave 5 :42.6966
3rd Wave degree :Primary
% signals wave 3 :88.1743
% signals wave 4 :0
% signals wave 5 :11.8257
4th Wave degree :Intermediate
% signals wave 3 :86.9466
% signals wave 4 :0
% signals wave 5 :13.0534
[trading]
Fifth in a fifth
Now there are 4 consecutive wave degrees in an uptrend that have a
probability of completing
five waves! For picking a top this is an important alert, but be
careful.
The more patterns of different wave degrees show 5 waves that are
completing,
the higher the probability that a major reversal is just around the
corner.
This is an early warning so prices could still rise further if the
patterns extend, check other
indications of an ending trend as well. Active traders should focus
on smaller
wave degrees starting from Minor or minute. The summary inspector
will give its first indications
when the smallest wave degrees (at the bottom) change to negative.
The target is the area of the previous 4th wave, normally the
extreme of this 4th wave will be reached.
------------------------------------------------
Action : Short/sell
Applies to : Insitutional investors
1st Wave degree :Cycle
% signals wave 3 :57.3034
% signals wave 4 :0
% signals wave 5 :42.6966
2nd Wave degree :Primary
% signals wave 3 :88.1743
% signals wave 4 :0
% signals wave 5 :11.8257
3rd Wave degree :Intermediate
% signals wave 3 :86.9466
% signals wave 4 :0
% signals wave 5 :13.0534
4th Wave degree :Minor
% signals wave 3 :60.0384
% signals wave 4 :13.2643
% signals wave 5 :10.9235
--- In realtraders@xxxxxxxxxxxxxxx, Ben <profitok@xxx> wrote:
>
> i still have egg on my face
> short 115
> short 126
>
> long 2 116 calls
> and 1 127 call
> my dd is now 2750
> Ben
> ----- Original Message -----
> From: tpmods
> To: realtraders@xxxxxxxxxxxxxxx
> Sent: Friday, May 16, 2008 8:50 AM
> Subject: [RT] Re: crude oil are we there yet?
>
>
> There was a divergence on End of Day basis in CL y'day,lot of
supply
> it is getting near 127.48 area hence it looks a short candidate
to
> me.Needless to say I went absolutely wrong in my first call but
now it
> seems that inuf is inuf and one should take a fresh short
position now
> without much worry and fear,Mr.Bush is in Gulf and will urge
Saudi to
> increase oil production and mostly they will,last is a funda
reading-
> LOL.All the best to traders.
> --- In realtraders@xxxxxxxxxxxxxxx, Ben <profitok@> wrote:
> >
> > Attach is a gif if crude
> > Bollinger bands and the macd
> >
> > looks like any day now it comes down
> >
> > (gold already smelling it and came down first)
> > look at candle made today and yesterday
> > Ben
> >
>
>
>
>
>
>
> -------------------------------------------------------------------
-----------
>
>
> No virus found in this incoming message.
> Checked by AVG.
> Version: 7.5.524 / Virus Database: 269.23.16/1446 - Release
Date: 5/16/2008 7:42 AM
>
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