Comments on: Possible Elliott Wave Interpretation for the SP 500 http://blog.afraidtotrade.com/possible-elliott-wave-interpretation-for-the-sp-500/ Helping traders overcome fears and emotions in trading Thu, 09 Feb 2012 14:53:15 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Anonymous http://blog.afraidtotrade.com/possible-elliott-wave-interpretation-for-the-sp-500/comment-page-1/#comment-147058 Anonymous Fri, 21 Nov 2008 22:20:17 +0000 http://blog.afraidtotrade.com/?p=3230#comment-147058 Cory, my count is the same as yours. My chart shows the current wave 5 is an expanding diagonal, which started on Nov. 4 and possibly completed intrady today. If so wave (4) started today. Do you agree with my observation? Cory, my count is the same as yours. My chart shows the current wave 5 is an expanding diagonal, which started on Nov. 4 and possibly completed intrady today. If so wave (4) started today. Do you agree with my observation?

]]> By: Anonymous http://blog.afraidtotrade.com/possible-elliott-wave-interpretation-for-the-sp-500/comment-page-1/#comment-146391 Anonymous Mon, 17 Nov 2008 23:16:16 +0000 http://blog.afraidtotrade.com/?p=3230#comment-146391 Sorry I typed in a hurry and spelling was totally off.What I was trying to say is that we are still in Wave 4 and we havent felt the downside of wave five just yet. Once that plays out I think we correct to the upside. Im relatively new to EW but my dollar analysis is very similar. http://stopsarein.com/2008/11/16/euro-dollar-and-the-market/ Here is another EW take. The problem for me as a totally new person to EW is that its coming into my vision in the (i believe 4th wave ) which is very hard to count so im constantly looking for scenarios. Sorry I typed in a hurry and spelling was totally off.What I was trying to say is that we are still in Wave 4 and we havent felt the downside of wave five just yet. Once that plays out I think we correct to the upside. Im relatively new to EW but my dollar analysis is very similar. http://stopsarein.com/2008/11/16/euro-dollar-and-the-market/

Here is another EW take. The problem for me as a totally new person to EW is that its coming into my vision in the (i believe 4th wave ) which is very hard to count so im constantly looking for scenarios.

]]> By: Corey Rosenbloom http://blog.afraidtotrade.com/possible-elliott-wave-interpretation-for-the-sp-500/comment-page-1/#comment-146348 Corey Rosenbloom Mon, 17 Nov 2008 18:33:26 +0000 http://blog.afraidtotrade.com/?p=3230#comment-146348 David, We'll need large-scale Wave (4) to pull up somewhere in the 1,200 territory or below, and it could be a complex correction because (2) was relatively simple. Let's see how far it goes. David,

We’ll need large-scale Wave (4) to pull up somewhere in the 1,200 territory or below, and it could be a complex correction because (2) was relatively simple. Let’s see how far it goes.

]]> By: david http://blog.afraidtotrade.com/possible-elliott-wave-interpretation-for-the-sp-500/comment-page-1/#comment-146247 david Mon, 17 Nov 2008 09:41:28 +0000 http://blog.afraidtotrade.com/?p=3230#comment-146247 I think this is a comples corrective 4 given to was simple. I think this is a comples corrective 4 given to was simple.

]]> By: Corey Rosenbloom http://blog.afraidtotrade.com/possible-elliott-wave-interpretation-for-the-sp-500/comment-page-1/#comment-146202 Corey Rosenbloom Mon, 17 Nov 2008 04:11:07 +0000 http://blog.afraidtotrade.com/?p=3230#comment-146202 Anon, Absolutely, and a colleague of mine actually has that count. If so, Wave 5 just slightly eclipsed that of Wave 4 which would be a semi-truncation. That's the beauty of Elliott - we can have our own preferred and alternate counts so long as they follow the basic rules and then meet as many guidelines as possible, allowing for different interpretations. It's when alternate and preferred counts 'point' in the same direction that we get better signals I suppose. Anon,

Absolutely, and a colleague of mine actually has that count. If so, Wave 5 just slightly eclipsed that of Wave 4 which would be a semi-truncation.

That’s the beauty of Elliott – we can have our own preferred and alternate counts so long as they follow the basic rules and then meet as many guidelines as possible, allowing for different interpretations. It’s when alternate and preferred counts ‘point’ in the same direction that we get better signals I suppose.

]]> By: Anonymous http://blog.afraidtotrade.com/possible-elliott-wave-interpretation-for-the-sp-500/comment-page-1/#comment-146189 Anonymous Mon, 17 Nov 2008 03:00:37 +0000 http://blog.afraidtotrade.com/?p=3230#comment-146189 Corey, I actually counted your (A) and (B) as the multi-decades 4 and 5 respectively. In that case, we are now at wave A. If the count is correct, we should be at the beginning of (fractal 5) of wave A. Probable? Corey,
I actually counted your (A) and (B) as the multi-decades 4 and 5 respectively. In that case, we are now at wave A. If the count is correct, we should be at the beginning of (fractal 5) of wave A.
Probable?

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