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    AL
    albert
    Rep: 99
    Posts: 3,094
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    Starting it off.

    Best wishes for a Happy, Healthy, and Prosperous New Year.

    Al :--)
    AL
    albert
    Rep: 99
    Posts: 3,094
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    Paper trading. Made a bit this morning in a quick trade of XOM with a long call.

    Al :--))


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    AL
    albert
    Rep: 99
    Posts: 3,094
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    Interesting ( to me) EGO charts. Steps 2 - 5 are the same for the indicators on the 5 min and on the daily EGO charts. Fibonacci ratios are different though. I did not trade these.

    Al :--)

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    RA
    rat89
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    Posts: 7,015
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    thank you, Al, you too!

    Originally posted by albert

    Starting it off.

    Best wishes for a Happy, Healthy, and Prosperous New Year.

    Al :--)
    AL
    albert
    Rep: 99
    Posts: 3,094
    0
    rat,

    You are welcome!

    Al :--)
    RA
    rat89
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    Posts: 7,015
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    AL
    albert
    Rep: 99
    Posts: 3,094
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    rat,

    Cool work.

    Al :--)
    RA
    rat89
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    RA
    rat89
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    aapl - thin red set is the sliding parallel based on the June low that didn't test the lower line of the green set....


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    RA
    rat89
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    Posts: 7,015
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    it would appear that wave (4) ended Tuesday morning at the opening bar low of 320.15, where c=.62*a, and well within the .23 - .382 fib pullback as measured from the wave (2) low to the wave (3) high. spy and spx now have wave (5) in progress, and wave (5) = wave (1) at 328.29spy and 3292 spx. As far as timing goes, elliot wave counts are not time dependent. However, oe is in two weeks, and the employment report is in one week, and the question in my mind is: can it really take that long to get to 3292?


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    MA
    MarcinO
    Rep: 67
    Posts: 5,506
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    (Edited )
    Nasdaq.
    A drop to 8725-40 in order to close the gap and then reverse?


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    AL
    albert
    Rep: 99
    Posts: 3,094
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    rat,

    Good one! I have also heard it as "If I had a choice of being smart or being lucky, I believe I would rather be lucky."

    Good trading,

    Al :--)

    Originally posted by rat89

    what's the saying? tis better to be lucky than smart? ;)

    Originally posted by albert

    rat,

    Thanks. I think I got lucky. I'll take it!

    Al

    :--))