Starting it off.
Al
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rat89
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Interesting area reached into oe on Friday:
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rat89
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gld and gdx are doing different things....
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rat89
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spx double 1.618 external retrace in the 2774 - 2781 box
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AL
albert
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Paper trading. Did not trade this. Busy this morning. Saw this in NFLX.
Al :--)
Al :--)
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rat89
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Al, not how I would mark abcde - that would be an ew triangle, which as far as I know, you only see in a wave 4, and a would be in the direction of the corrective move following a wave 3
AL
albert
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rat,
Oops. I do not know enough about ew to comment. I did not intend the chart to reflect an ew interpretation, but merely as an X*AB=CD finishing in the 200 area, which I think can lead to a good upmove, in this case. I should have used a "T" for target instead of an "E," since I was trying to point out the nice upmove extent. Sorry about that. I will be more precise next time.
Al
Oops. I do not know enough about ew to comment. I did not intend the chart to reflect an ew interpretation, but merely as an X*AB=CD finishing in the 200 area, which I think can lead to a good upmove, in this case. I should have used a "T" for target instead of an "E," since I was trying to point out the nice upmove extent. Sorry about that. I will be more precise next time.
Al
Originally posted by rat89
Al, not how I would mark abcde - that would be an ew triangle, which as far as I know, you only see in a wave 4, and a would be in the direction of the corrective move following a wave 3
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rat89
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ah....fooled me ;)
Originally posted by albert
rat,
Oops. I do not know enough about ew to comment. I did not intend the chart to reflect an ew interpretation, but merely as an X*AB=CD finishing in the 200 area, which I think can lead to a good upmove, in this case. I should have used a "T" for target instead of an "E," since I was trying to point out the nice upmove extent. Sorry about that. I will be more precise next time.
Al
Originally posted by rat89
Al, not how I would mark abcde - that would be an ew triangle, which as far as I know, you only see in a wave 4, and a would be in the direction of the corrective move following a wave 3
AL
albert
Rep: 99
Posts: 3,094
rat,
Sometimes I forget what I am doing and sometimes this confuses people. Not my intention! OK. Back to the drawing board for me!
Al :--)
Sometimes I forget what I am doing and sometimes this confuses people. Not my intention! OK. Back to the drawing board for me!
Al :--)
Originally posted by rat89
ah....fooled me ;)
Originally posted by albert
rat,
Oops. I do not know enough about ew to comment. I did not intend the chart to reflect an ew interpretation, but merely as an X*AB=CD finishing in the 200 area, which I think can lead to a good upmove, in this case. I should have used a "T" for target instead of an "E," since I was trying to point out the nice upmove extent. Sorry about that. I will be more precise next time.
Al
Originally posted by rat89
Al, not how I would mark abcde - that would be an ew triangle, which as far as I know, you only see in a wave 4, and a would be in the direction of the corrective move following a wave 3