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This Elliott Wave course shows you why and when you should act, and when you should stay out. You will become self-reliant, and no longer need to ask someone else about your wave count. You will learn how to plan and execute trades, using the edge that Elliott Wave Analysis gives you. And whether you are a beginner or an experienced trader …
This proposes that it hasn’t even begun yet to collapse. Allows for an even a robust bounce On Monday but the bottom falls out after that. Or I could be “shortchanging” the count and it is on the verge of a major downdraft taking the market well below the June lows.
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The majority of my time is spent analyzing, researching and writing commentary about investing, investor psychology and macro-views of the markets and the economy. My thoughts are not generally mainstream and are often contrarian in nature but I try an use a common sense approach, clear explanations and my “real world” experience in the process. In «Rising Interest Rates Matter» we discussed how if interest rates rise, the Fed tightens monetary policy, or the economic recovery falters, a financial crisis is possible.
That is the key price level we look at before we change our medium-term counts. Ok, so tonight is just one https://wave-accounting.net/ chart and I put a lot of information on it for the purposes of tonight’s market price action comments.
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This is a rare event to have a 90%+ up day in both categories. The 40-year credit expansion binge is over folks.
- It cannot be the shortest wave, so it should be at least equal (100%) to wave 1, but the most common relation is 161,8% the lenght of wave 1.
- The majority of my time is spent analyzing, researching and writing commentary about investing, investor psychology and macro-views of the markets and the economy.
- Being impulsive, wave C’s shows every feature of that kind of move.
- The obvious problem is what happens when they cannot refinance their debt.
- Yes, a big bounce is probably coming to form wave but like I said, “debt” is not really an investment at all.
Potential IHS, positive reversal on CCI 8 , falling bullish wedge on hourly on Friday, extreme negative sentiment on gold miners, IT/LT hourly cycle moving up, ST cycle bottomed on Friday. I use cycle theory to figure out the time aspect, then use standard TI to figure out the price aspect. I then use Elliott Wave to determine how best the wave will end. All of this stuff is not easy at first but once you become one with nature and the natural rhythm, it is quite eye opening. Since 2007, a big part of America’s debt crisis has moved from the financial sector to non-financial stocks with too much debt.
Wave A
My entire career has been spent in industry within the finance and accounting realm. Currently, I am in charge of the corporate finance and statutory reporting function for a public U.S. corporation. Welcome to Elliott Wave Trends and charts where we strive to bring the best of all forms of technical analysis out in an easy to read and understand format that can benefit all. There are a lot of traders that look for Danerics Elliott Waves previous areas of support/resistance to get an idea of what their risk/reward could be on a trade. Long term trends are important factors in these decisions. Therefore, the primary count remains that Minute of Minor 1 bottomed and the market is bouncing in a potential sharp Minute of 1 of . And yes, it was an algo driven day from deep oversold conditions and this is what happens in a developing nasty bear market.
I actually like the thought of that as it makes sense. But until all the indexes crack beneath the June low, we’ll just count them as we see them. This market is very volatile day in and day out.
Thursday, November 14, 2013
Wave 2s usually retrace great part of wave 1, in a shallow and sharp manner. During wave 2’s investors believe that the previous trend is resuming, even if volumes are usually smaller than in wave 1. Wave 2s creates pattern like double top/bottom, or H&S. Wave 1 is the first reaction to the previous trend just ended. Usually is deceptive and at a first look intepretated as a correction in uptrend or a bounce in downtrends. Sentiment is still related to the previous trend. While they are identified by structure and not by time, analysts usually consider nine cycles, from Grand Supercycle to Subminuette .
- Wave 2s creates pattern like double top/bottom, or H&S.
- All of this stuff is not easy at first but once you become one with nature and the natural rhythm, it is quite eye opening.
- Sometimes wave 2s are so sharp and deep that could be really difficult to subdivide them with a reasonable count.
- I imagine those with automated triggers at chandelier exits may have been stopped out giving some opportunity for others to take a stab.
- I actually like the thought of that as it makes sense.
Be aware that profitable retail trading can be very difficult to learn, but relatively easy once you know how. Most of those «experts» don’t know how to do it, and if their perspective is that of a long-time-horizon investor, their advice can be harmful if you are trying to trade on a shorter time scale. Daneric and all of the other PERMA-BEAR blogging crowd have been WRONG for another 16 months. Kenny’s blog got shut down and the idiots on «Trading to Win » are starting to eat each other in order to survive, just like the Donner Party.
Wave 1 doesn’t have a “rule”, and for trading it i only rely on seeing a five wave move after a supposed completion of trend. For the guideline of alternance, wave 2s and 4s cannot develop in the same corrective pattern. While usually wave 2 shows a zigzag correction, wave 4 can develop in a flat or often in a triangle. Wave 3 is the strongest, powerful and usually longest wave of an impulse.
The stockmarket crashed the hardest in a century in 08 and gold + goldstocks have skyrocketed outperforming pretty much every sector out there in 09 I wouldnt say being a perma bear sucks. PSS – There is a great positive divergence on the RSI. So indeed it may turn back up hard soon enough. Its hard to say exactly how the micro waves will trace over the next month.
