Thread: Perfect Wave - 2012-1/2

Originally Posted by ;

Properly done on SP 1400. I do not expect it to endure for today but you might not believe it will drop below 1300? Not saying I don't think it will or not, just curious about your view.

4ex - Thanks for commenting. As you realize that my prediction is based on EW theory people don't believe something would happen and I don't believe either. If the current wave is actually wave-[[b]]-[C]-V-5 (most likely ending today or maybe next wednesday with expansion ), then second leg could go all of the way down to 1280 area. Let us see how the market acts.

03/17/2012

Opinions are welcome!

Originally Posted by ;

Opinion is that we are due somewhat of a correction in the SP500.
Nice work Snowrider! SP500 reinforces the trend that is back and will close the week under the 1400 mark.

Thank you Michael. I am hoping that SP doesn't make any expansion from here. Let us wait and see.

Originally Posted by ;

Quote from MADASINHATTER:
Yeah I got one.Why would you call it perfect? Do you mean in hindsight? Or can it be part of this new world order in which you use it to spell out the opposite and take a phrase or word? Like saying whilst dropping bombs bringing stability and peace it perfect in that feeling? Where you show it might go up or down,on a scale of easy and perfect is that,state in comparison to just guessing?

MADASINHATTER - I call it Perfect Wave because it's the brand of this set of my wave articles. I might also have called it Snowrider's Wave Analysis (but that didn't sound strong ). Of course, you can interpet the term perfect as anything as you desire. The analysis is of several edued guess. Isn't the whole world making guesses of the time? The analysis is based on the Elliott Wave Principle. I'd recommend you getting a publication and study if you don't know what that's.

Originally Posted by ;

Quote from bwolinsky:
What has your backtest revealed and what have your results been?
It is apparent some logic's went into the chart drawings, but none placed on any functionality summaries or analysis of the information.
Reminds me of Hershyites, must draw direct lines, without questioning whether they actually did go into where they ended when they were drawn or any regard to what actually happened later.
This thread is missing which analysis, and it's required if you expect anyone to really examine the charts which were posted.

Bwolinsky - I have extensively played long time ago, I wrote tons of systems using TradeStation, I'd backtesting 24x7, then I threw my entire strategies to garbage can. What I wish to let you know about backtest will be... been there and done that. If you're asking some trader who uses price action and/or pattern methodologies (e.g., Gann, Elliott Wave, Dow Theory etc.) about back testing, then you ask a wrong question!
I post my wave analysis not searching for followers. I am searching for people who speak the exact same langauage (will also be playing EW) for dialogue. I am trying to find people who like playing EW on trading. You will not be interested in reading my posts if you don't think in EW.

03/24/2012

Comments are welcome!

Originally Posted by ;

Hi some fantastic articles on EW well done, some intriguing points mapped from the SP.... I only have a question... is there any differentiation on grey/purple trend lines? I.e one more probable than the other

BoyTrader - Thanks for nice words. The purple lines are my favorite tide counts, although the gray ones would be the counts. Of course there are a lot of possible wave counts on the market, and people have different counts. I trade to the management of the line that is purple. When the market reaches some stage the gray line takes over and becomes the preferred one.

Originally Posted by ;

Quote from Broad Tailz:
[b]For similar reasons, I have a lot against fundamental analysis.
EW fits into my trend following system by filtering the buy signals by wave type. My be$t trades, undoubtedly, have been through a third wave (either the overall market or the stock itself).
Wave is the first higher low and breaks the preceding trend line, and typically follows evident divergence in MACD, RSI, cash flow, Stochastics, ROC, and some additional momentum indior. There would be as the dam breaks A candle the final confirmation.
OP: my remark...

Broad Tailz - Thanks for commenting. Believe it or not, I don't give a shxt on some other fundamental analysis. Ironically, writting and I used to be doing a lot of fundamental analysis, and I knew it was like writing some stories because people wanted to read tales.
I firmly agree with you that the very best and easist transactions are around the wave-3. About the question how I take the corrective tide counts, I start in the highest possible amount of timeframe (e.g., montly chart) to analyze and then scale down to the tradeable timeframe (e.g., daily chart). Therefore a wave in a monthly chart nonetheless has some wave from the daily chart which we can earn money from.

03/29/2012

Opinions are welcome!

03/31/2012

Opinions are welcome!