Comments on: Stocks Overdue for a Rally http://blog.afraidtotrade.com/stocks-overdue-for-a-rally/ Helping traders overcome fears and emotions in trading Wed, 08 Feb 2012 09:26:36 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Corey Rosenbloom http://blog.afraidtotrade.com/stocks-overdue-for-a-rally/comment-page-1/#comment-185201 Corey Rosenbloom Wed, 11 Mar 2009 15:27:19 +0000 http://blog.afraidtotrade.com/?p=3715#comment-185201 Anon, Excellent charts - thank you for sharing. Great to have you from Spain - I would love to visit there! Anon,

Excellent charts – thank you for sharing. Great to have you from Spain – I would love to visit there!

]]> By: Anonymous http://blog.afraidtotrade.com/stocks-overdue-for-a-rally/comment-page-1/#comment-185139 Anonymous Wed, 11 Mar 2009 13:38:43 +0000 http://blog.afraidtotrade.com/?p=3715#comment-185139 Possible limitation to wave 4, S&P500 to 750 points due to the correlation with Dax and other international indices. Correlation of other indices: Ibex35 EuroStoxx 50 Imagenes: http://img5.imageshack.us/img5/9853/img12367768985523.gif http://img5.imageshack.us/img5/4731/img12367782274406.gif I take this opportunity to thank your work. Possible limitation to wave 4, S&P500 to 750 points due to the correlation with Dax and other international indices.

Correlation of other indices:
Ibex35
EuroStoxx 50

Imagenes:

http://img5.imageshack.us/img5/9853/img12367768985523.gif

http://img5.imageshack.us/img5/4731/img12367782274406.gif

I take this opportunity to thank your work.

]]> By: Anonymous http://blog.afraidtotrade.com/stocks-overdue-for-a-rally/comment-page-1/#comment-185095 Anonymous Wed, 11 Mar 2009 11:49:41 +0000 http://blog.afraidtotrade.com/?p=3715#comment-185095 (Translate by Google) Greetings from Spain. Alert Dax Index. Wave 4 near overlap wave 1. Watch S & P 500 by correlation of international markets ------------------------------------------- (Original language) Saludos de España. Alerta Indice Dax. Onda 4 cerca de solapar onda 1. Vigilar S&P 500 por correlación internacional de los mercados (Translate by Google)

Greetings from Spain.

Alert Dax Index.
Wave 4 near overlap wave 1.

Watch S & P 500 by correlation of international markets

——————————————-
(Original language)

Saludos de España.

Alerta Indice Dax.
Onda 4 cerca de solapar onda 1.

Vigilar S&P 500 por correlación internacional de los mercados

]]> By: Corey Rosenbloom http://blog.afraidtotrade.com/stocks-overdue-for-a-rally/comment-page-1/#comment-184836 Corey Rosenbloom Tue, 10 Mar 2009 23:20:01 +0000 http://blog.afraidtotrade.com/?p=3715#comment-184836 Dacian, Well, it would break the cardinal rule "Wave 4 cannot retrace into the price territory of Wave 1." It would mean either that we're still in a corrective phase or that - lower probability - somehow that wave 5 had already completed. That 800 level seems to be key for Elliott Forecasts in terms of Wave 5 down. Dacian,

Well, it would break the cardinal rule “Wave 4 cannot retrace into the price territory of Wave 1.”

It would mean either that we’re still in a corrective phase or that – lower probability – somehow that wave 5 had already completed.

That 800 level seems to be key for Elliott Forecasts in terms of Wave 5 down.

]]> By: Corey Rosenbloom http://blog.afraidtotrade.com/stocks-overdue-for-a-rally/comment-page-1/#comment-184834 Corey Rosenbloom Tue, 10 Mar 2009 23:09:32 +0000 http://blog.afraidtotrade.com/?p=3715#comment-184834 Anon, I sort of go back and forth on that. I do agree that we're in an ABC that started in 2000 (2000-2002 = A; 2002-2007 = B; 2007 - 20?? = C) but I'm up in the air as to whether or not we peaked with a grand supercycle V in 2000 or if it was a III, meaning once we wash out here, then a V is yet to come. I try to trade one day and one week at a time and not get too caught up in the huge, huge picture so I can't make a definitive statement as to the current structure and whether or not we'll have a super rally off the C lows. Anon,

I sort of go back and forth on that. I do agree that we’re in an ABC that started in 2000 (2000-2002 = A; 2002-2007 = B; 2007 – 20?? = C) but I’m up in the air as to whether or not we peaked with a grand supercycle V in 2000 or if it was a III, meaning once we wash out here, then a V is yet to come. I try to trade one day and one week at a time and not get too caught up in the huge, huge picture so I can’t make a definitive statement as to the current structure and whether or not we’ll have a super rally off the C lows.

]]> By: Chris http://blog.afraidtotrade.com/stocks-overdue-for-a-rally/comment-page-1/#comment-184814 Chris Tue, 10 Mar 2009 21:48:52 +0000 http://blog.afraidtotrade.com/?p=3715#comment-184814 Corey, I went long late last week based on those DOJ candles. I got into SSO and BGU near SPX 682. I know you can never get bottom however wave 3 down of 5 appeared to me to be getting long in the tooth. Question is like you say .. is it Wave 3 or 5 or Wave 5 of 5 last put in last week. Time will tell. I figured if its only a Wave 4 bounce I shouldn't get hurt since I moved my stops up to break even and get stopped out for little can. Good news is if thats the case I can buy the bottom for sure of Wave 5. It was a LOW Risk entry set-up. Last Friday's low on SPX near 667 lined up with quite a few key support areas. Not sure how far a Wave B bounce might take us but if SPX 667 was Wave A bottom then will be interesting how many months this bounce rally goes. I think SPX 950-1000 might be it before washout Wave C down come in which kills market. Corey - Thoughts/Comment? Corey,

I went long late last week based on those DOJ candles. I got into SSO and BGU near SPX 682. I know you can never get bottom however wave 3 down of 5 appeared to me to be getting long in the tooth.

Question is like you say .. is it Wave 3 or 5 or Wave 5 of 5 last put in last week. Time will tell. I figured if its only a Wave 4 bounce I shouldn’t get hurt since I moved my stops up to break even and get stopped out for little can. Good news is if thats the case I can buy the bottom for sure of Wave 5.

It was a LOW Risk entry set-up. Last Friday’s low on SPX near 667 lined up with quite a few key support areas.

Not sure how far a Wave B bounce might take us but if SPX 667 was Wave A bottom then will be interesting how many months this bounce rally goes. I think SPX 950-1000 might be it before washout Wave C down come in which kills market.

Corey – Thoughts/Comment?

]]> By: dacian http://blog.afraidtotrade.com/stocks-overdue-for-a-rally/comment-page-1/#comment-184812 dacian Tue, 10 Mar 2009 21:40:43 +0000 http://blog.afraidtotrade.com/?p=3715#comment-184812 Corey, can you offer more on "if we trail above 780-790-900 we need to change the forecast"? Would that mean that if we move over 780 level without looking back it might be that we won't have a 5.5? Corey, can you offer more on “if we trail above 780-790-900 we need to change the forecast”? Would that mean that if we move over 780 level without looking back it might be that we won’t have a 5.5?

]]> By: Anonymous http://blog.afraidtotrade.com/stocks-overdue-for-a-rally/comment-page-1/#comment-184805 Anonymous Tue, 10 Mar 2009 21:21:26 +0000 http://blog.afraidtotrade.com/?p=3715#comment-184805 Corey, Someone I subscribe to see's the exact same count as you currently. However, on a much larger scale he views us being in a 9 year correction that started in 2000. Late 1999 and early 2000 being the end of wave 3(wave 1 ended at the start of 1969). Since then we have been in a Flat ABC correction which will be ending soon with a final wave 5 probably in mid April. So, his take is this will end wave C of a 9 year correction and start a Gigantic wave 5, which he believes will be an investment opportunity of a lifetime. Any thoughts? Corey,
Someone I subscribe to see’s the exact same count as you currently. However, on a much larger scale he views us being in a 9 year correction that started in 2000. Late 1999 and early 2000 being the end of wave 3(wave 1 ended at the start of 1969). Since then we have been in a Flat ABC correction which will be ending soon with a final wave 5 probably in mid April. So, his take is this will end wave C of a 9 year correction and start a Gigantic wave 5, which he believes will be an investment opportunity of a lifetime.
Any thoughts?

]]> By: Corey Rosenbloom http://blog.afraidtotrade.com/stocks-overdue-for-a-rally/comment-page-1/#comment-184745 Corey Rosenbloom Tue, 10 Mar 2009 17:45:09 +0000 http://blog.afraidtotrade.com/?p=3715#comment-184745 Andrew, Good call! That level will be very critical to watch. If we trail above 780 to 790 and then 800, something stronger is upon us and we'll need to reexamine the forecast. Andrew,

Good call! That level will be very critical to watch.

If we trail above 780 to 790 and then 800, something stronger is upon us and we’ll need to reexamine the forecast.

]]> By: Andrew Stanton http://blog.afraidtotrade.com/stocks-overdue-for-a-rally/comment-page-1/#comment-184742 Andrew Stanton Tue, 10 Mar 2009 17:35:45 +0000 http://blog.afraidtotrade.com/?p=3715#comment-184742 The fourth wave of one lower degree seems to be about 740 to 780 on that chart. That has to be the obvious target if it's only 4 with 5 still ahead. The fourth wave of one lower degree seems to be about 740 to 780 on that chart. That has to be the obvious target if it’s only 4 with 5 still ahead.

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