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Emcee:  skinowski Type:  Moderated
On this thread we discuss trading using mostly TA, with some use of FA when relevant. The special emphasis is on Elliott Wave analysis. We welcome ideas and discussion related to Sentiment, Momentum and Trend Following.

Prechter's Page
Join club EWI and read the free tutorial first. It's basically an online version of Elliott wave Principal. IMO, it is well worth the money to subscribe to EWI services for a while. Reading them regularly, for at least a few months, is probably the best and most cost effective training available. But - would not advise to follow them (or anyone) blindly in your trading. Use your own judgement. Take responsibility. Be in the driver's seat.

Always give a lot of weight to the prevailing trend. E-waves have a tendency to make you look for "completed structures" and too expect reversals. You will find that a lot more often waves will just keep subdividing in the direction of the larger trend. Big, important reversals will happen, of course.... but they're just too uncommon to make looking for them a worthwhile effort.

Watch out! Sometimes, unrelated cycles and events may appear as "meaningful" patterns.... :)
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ReplyMessage PreviewFromRecsPosted
27192Hi ski, Never any confidence until expiration is behind you. What else is new.robert b furman-11 minutes ago
27191ski - Well said and an excellent reminder. Things are not always as simple as POKERSAM-3 hours ago
27190Hi, Bob... today I read another study that tickled the TA (as opposed to the FAskinowski-4 hours ago
27189That's entirely possible. One thing is for sure - if it doesn't make neskinowski-4 hours ago
27188It has begun.POKERSAM-6 hours ago
27187typical option post expiration churn. I've been expecting down to churn thirobert b furman-6 hours ago
27186looks like what I would call high level consolidation and forming what appears tClam digger-6 hours ago
27185Looks like it's trying to break down... -20 points now. It's sort of a skinowski-7 hours ago
27184For the record when do you see this going down hard happening?Clam digger-11 AM
27183There are a lot of opinions, no doubt about that. heh heh We are going down harPOKERSAM-10 AM
27182Yup, Several views out there. Some say start of 3 and 2 was an irregular flat robert b furman-10 AM
27181IMO the correction is just getting started. It has a long way to go. In an ElliPOKERSAM-10 AM
27180HI Sam, That's a really tough question I don't see it either. Semi'robert b furman-9 AM
27179Bob, My question. What is the beginning and end of the five wave impulse thisPOKERSAM-9 AM
27178Fair statement to make. For decades I have been very concentrated in semi'srobert b furman-8 AM
27177hmmm Is this correction already the largest point drop since 666 clear back in POKERSAM-yesterday
27176My first thought after reading your post is that you are adjusting your count ofPOKERSAM-yesterday
27175An impulsive wave up 1 of a larger three. This wave 2 has been an irregular flarobert b furman-yesterday
27174Bob, I read elsewhere that you think this is the top of B with a C wave down yetPOKERSAM-yesterday
27173Fresh eyes are sometimes needed. Weekends are good for that. Looking at the chPOKERSAM-last Saturday
27172Fours can take up to 12 different patterns and drag on for a long while. They cskinowski-last Saturday
27171Sam Thanksrcksinc-last Friday
27170There are possible scenarios which have a lower low. There is no guarantee thatPOKERSAM-last Friday
27169Sam Great summary. I appreciate the update. I think you were leaning towards a rcksinc-last Friday
27168It could be that you are right. But it could be that you are not. We had threePOKERSAM1last Friday
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