Comments on: Update on the Two Competing SP500 Elliott Wave Interpretations

By: nike air jordan

nike air jordan — Tue, 17 May 2011 12:09:25 +0000

Thanks for the update.

By: Anonymous

Anonymous — Sun, 26 Apr 2009 02:59:32 +0000

hey Corey
it was nice to hear you on TDI with Andrew… I did some sleuthing… on Indian Stock exchange …. quite intresting theory ….

Fuzzychaos.blogpsot.com

have a nice day buddy

ashu

By: Anonymous

Anonymous — Wed, 22 Apr 2009 09:43:34 +0000

As allways very interesting!

But don’t you have a scenario that
is more bullish? What if we are not going
down to test the lows at all (in say 3-12 months).

I am thinking a really nice move to eg. 1100
or maybe even above 1300. Before going lower again.

Is it possible to produce such a count?

By: John

John — Fri, 03 Apr 2009 00:30:23 +0000

Really think Primary 3 ended March 6 and we are in Primary 4 right now. Looking for a protracted triangle in the Primary 4 position.

By: Anonymous

Anonymous — Fri, 27 Mar 2009 08:20:55 +0000

Looks like a Primary wave 2 up.. and we might even be in 3rd of 2 up ??
http://turbino.wordpress.com/2009/03/27/primary-wave-2-up-adding-to-longs-on-all-dips/

By: Mark

Mark — Thu, 26 Mar 2009 14:33:36 +0000

Hey Cory,

Time for an Elliott Wave Count Update!

By: Corey Rosenbloom

Corey Rosenbloom — Mon, 23 Mar 2009 16:15:28 +0000

Tim,

This morning’s upside action is calling that impulse move into question, but unless we break 805 on the S&P 500 (and we might do that today – March 23) then we would expect a 5-wave mini-structure down to test the 660 lows if not exceed them.

My guess is that it will be a truncated or small 5th because the prior 3rd wave was grossly extended, and the fractal 3rd wave of the final 5th wave was also extended, so I would expect a tiny final fractal 5 (some argue we may have already gotten it, but I’m not quite there yet).

By: TimCAD

TimCAD — Sun, 22 Mar 2009 22:59:46 +0000

I’d like to hear your thoughts about the impulse wave down we seem to be currently in. Are there any clues to indicate whether it will be normal, extended or foreshortened? – TIA

By: Robert

Robert — Sat, 21 Mar 2009 17:10:24 +0000

This may only serve to complicate things further… but I have seen a third option. The third option is that we are already in the Primary Wave 4 rally. Proponents of this view hold that Primary Wave 3 just completed about two weeks ago with the recent low of 666 on the S&P.

The latest 2 week rally was the first part of Wave A up in the Primary 4th wave. They see the subwaves (1) and (2) of of circled 5 on your charts as the final two components of a giant triangle that started around the end of November. They include these two waves in part 4 of Primary Wave 3.

The drop from mid-Feb until mid-March, which you show as subwave (3) of circled 5, they hold to be a completed part 5 of Primary Wave 3 as it corresponds in time and scope to part 1 of Primary Wave 3. Which would make the recent rally the beginning of Primary Wave 4.

I do not hold religiously to any of these 3 options and consider myself a novice when it comes to Elliot Wave, but I just wanted to throw this other alternative out there. I would love to hear what others think about this.

I am certain the market will tell us pretty soon where we are at…

By: Corey Rosenbloom

Corey Rosenbloom — Mon, 16 Mar 2009 15:51:36 +0000

Mickmock,

Thanks for reading and for commenting!

True, there’s nothing saying the V *had* to be the 2000 top – it’s just generally accepted as such and the current 2000-2010 structure is envisioned an a large ABC (perhaps comprising a 4th Wave Expanded Flat).

And true – I turned bearish early in 2006 and was just so surprised price managed to make it to its 2007 highs. Particularly after the Fed started cutting rates.

For me, I’m more concerned with the short-term swings and structure and don’t get bogged down (as much as I can) in the Grand Supercycle debates. I try to take it one day and one swing at a time as best I can.