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01/27/2012 Intraday Watering

trendfollower
Posts: 98
Joined: Thu Nov 03, 2011 9:58 am

Re: 01/27/2012 Intraday Watering

Post by trendfollower »

Article: Sample Elliott Wave Theory With MRM Timing Model

http://goo.gl/7hn7e
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SWalsh
Posts: 1266
Joined: Thu Dec 29, 2011 5:07 am

Re: 01/27/2012 Intraday Watering

Post by SWalsh »

trendfollower wrote:Article: Sample Elliott Wave Theory With MRM Timing Model

http://goo.gl/7hn7e
Under EW rules a 3-3-5 (a flat) with their C wave dropping like that is an elongated flat. But in a flat the B wave must retrace a minimum of 90% and it retraced only 60%. Taking a quick look at the daily chart the drop looks like the first move is not a 3 but rather a 5 making it a 5-3-5 (ZigZag). But there's a problem in that last 5 also has wave 2 looking like a clear triangle, which is so extraordinarily rare as to operate as to their not occurring, which is an EW rule. I've only seen two where I had no choice but to say a hard rule had an exception.

Given this comment on that page, it looks like an advertisement:

"If you would like to be a partner in my service, we are only looking for serious traders and investors."


Ah...the hook. I love marketing. I wish I were ONLY a playboy millionaire who trades from a Gulfstream for kicks so I could be turned down...:lol:
"I told you...................bring me everyone"...http://www.youtube.com/watch?v=MrTsuvykUZk
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