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SHLD

Market Education

Two Recent Elliott Wave Impulse Examples

Bycjrosen October 3, 2008

I previously posted the “Three Hard and Fast Rules of Elliott Wave Theory” and now it’s time to see these simple rules in action on two stocks on different time frames. First, let’s review those rules: 1.  Wave #2 Cannot Retrace 100% of Wave #1 2.  Wave #3 Cannot be the Shortest Wave (but does…

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How to Trade a Rectangle Consolidation

Bycjrosen April 30, 2008

Rectangle consolidation patterns can lead to amazing profits and are relatively easy to recognize on a chart.  Let’s learn more about this chart pattern. Eaton Corp (ETN) recently broke out of a rectangle consolidation pattern, which gives us an example of how we could trade such chart patterns. Sears Holding (SHLD) broke a long-term rectangle…

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