Red 5th waves often are the shortest of all three impulse waves 1,3,5. Also not sure if I'm reading your post the way you intended but wave 5 CANNOT be an ABC. All impulse waves are themselves composed of 5 waves.
David Wilcox has an excellent video talking about it. Go to Project Camelot (on my blogroll), and find him. It's about 2 hours long but worth watching.
I just looked at your chart (http://elliott-wave-education.com/wp-content/up…). I think the wave 5 down is too short, and today's move up was a B wave inside a ABC down for the 5th wave… but I'm not an expert in EW.
A 5 day move to 1100, 1125 seems reasonable to work off the overbought condition. After that? No idea. But if Shanghai has indeed set a bottom, I think that we have as well. What are your alternate wave counts like?
Red I think something like what you are describing is likely, look at 1106 as a possible level of interest. This “UP” wave in my opinion will probably be more of a sideways wave that corrects more in time than it does in price. (I'm talking over the next week or so)
I believe we have just completed a wave A down from the April highs, we are now going to experience a wave B which will be sideways to slightly up, after which we will see another large leg down. After all this is done we should resume the bull market from the March 2009 lows. There are detailed charts and explanations on my site http://www.Elliott-Wave-Education.com
Cool thanks! I'm definitely very interested in the theories.
Red 5th waves often are the shortest of all three impulse waves 1,3,5. Also not sure if I'm reading your post the way you intended but wave 5 CANNOT be an ABC. All impulse waves are themselves composed of 5 waves.
David Wilcox has an excellent video talking about it. Go to Project Camelot (on my blogroll), and find him. It's about 2 hours long but worth watching.
Haha i think your right about that…. I feel as if a huge shift in human nature will occur…. not mass extinction as others predict.
Well, I'm not sure what will happen in 2012, but I do believe some big changes are coming.
I just looked at your chart (http://elliott-wave-education.com/wp-content/up…). I think the wave 5 down is too short, and today's move up was a B wave inside a ABC down for the 5th wave… but I'm not an expert in EW.
believer? Are you a 2012 guy too LOL.
just joking
A 5 day move to 1100, 1125 seems reasonable to work off the overbought condition. After that? No idea. But if Shanghai has indeed set a bottom, I think that we have as well. What are your alternate wave counts like?
Red I think something like what you are describing is likely, look at 1106 as a possible level of interest. This “UP” wave in my opinion will probably be more of a sideways wave that corrects more in time than it does in price. (I'm talking over the next week or so)
Talk to you soon,
EWE
Dreadwin,
I believe we have just completed a wave A down from the April highs, we are now going to experience a wave B which will be sideways to slightly up, after which we will see another large leg down. After all this is done we should resume the bull market from the March 2009 lows. There are detailed charts and explanations on my site http://www.Elliott-Wave-Education.com