Comments on: Elliot Wave Update http://www.focalequity.com/2008/12/02/elliot-wave-update-9/ The Focal Point for All Traders Thu, 09 Sep 2010 23:17:52 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: ka mate http://www.focalequity.com/2008/12/02/elliot-wave-update-9/comment-page-1/#comment-15531 ka mate Wed, 03 Dec 2008 23:17:04 +0000 http://www.stocktock.com/?p=9881#comment-15531 he gives good information but, in my opinion he tries to be too predictive. Draw the retace/extension numbers and see what the market does. Market roared ahead last week, and as hard as the pullback was Monday if was a 50% retrace of the last move and market has churned higher for last two days. Closed above the retrace nmbers he gavein his last post. he gives good information but, in my opinion he tries to be too predictive. Draw the retace/extension numbers and see what the market does. Market roared ahead last week, and as hard as the pullback was Monday if was a 50% retrace of the last move and market has churned higher for last two days. Closed above the retrace nmbers he gavein his last post.

]]> By: Ty http://www.focalequity.com/2008/12/02/elliot-wave-update-9/comment-page-1/#comment-15124 Ty Wed, 03 Dec 2008 14:41:29 +0000 http://www.stocktock.com/?p=9881#comment-15124 Seconded. Seconded.

]]> By: Ty http://www.focalequity.com/2008/12/02/elliot-wave-update-9/comment-page-1/#comment-15123 Ty Wed, 03 Dec 2008 14:40:37 +0000 http://www.stocktock.com/?p=9881#comment-15123 Compared to what was typical during the Oct. crash, their volumes were actually paltry. Compared to what was typical during the Oct. crash, their volumes were actually paltry.

]]> By: MktMike http://www.focalequity.com/2008/12/02/elliot-wave-update-9/comment-page-1/#comment-15110 MktMike Wed, 03 Dec 2008 06:56:55 +0000 http://www.stocktock.com/?p=9881#comment-15110 I had decided to change my last post because I had a feeling this is how you felt. I would have to agree with pretty much all of which you said in this post. Daneric's charts are awesome, especially from a learning standpoint. Is he always right? No but hes got a very good idea of where this market is going. For example, last week he came in with an elliot wave post predicting a target of ~915 and then we sell off. I'd say that's a pretty solid call in the midst of our largest bear market rally yet. You shouldn't be trying to catch the absolute top or bottoms of this market anyway. I had decided to change my last post because I had a feeling this is how you felt. I would have to agree with pretty much all of which you said in this post. Daneric’s charts are awesome, especially from a learning standpoint. Is he always right? No but hes got a very good idea of where this market is going. For example, last week he came in with an elliot wave post predicting a target of ~915 and then we sell off. I’d say that’s a pretty solid call in the midst of our largest bear market rally yet. You shouldn’t be trying to catch the absolute top or bottoms of this market anyway.

]]> By: dumbpainter http://www.focalequity.com/2008/12/02/elliot-wave-update-9/comment-page-1/#comment-15109 dumbpainter Wed, 03 Dec 2008 06:45:50 +0000 http://www.stocktock.com/?p=9881#comment-15109 Please don't take this the wrong way because I love these charts, they're big and fun. They also teach some wonderful EWT, not my strongpoint. EWI is fun to read too, but had we traded Danerics chart predictions in the past few days/weeks- you would have been toast. In the blog post Dec. 1 this line made me smile "Tomorrow's target is the 800 gap as a minimum. " Just a simple check of MACD, RSI, Slow Stoke among other simple TA made me cringe when a big important looking chart suggested that gap fill. Predicting a rise up to 910 after the Black Friday day?...smile. Sometimes EWT is just a crapshoot with future prediction. Keep them coming, Daneric, they are great, but sometimes we all need a little criticism to keep us honest, because no one gets this market. Sorry to upset the community, not my intention. Please don’t take this the wrong way because I love these charts, they’re big and fun. They also teach some wonderful EWT, not my strongpoint. EWI is fun to read too, but had we traded Danerics chart predictions in the past few days/weeks- you would have been toast. In the blog post Dec. 1 this line made me smile “Tomorrow’s target is the 800 gap as a minimum. ”

Just a simple check of MACD, RSI, Slow Stoke among other simple TA made me cringe when a big important looking chart suggested that gap fill.

Predicting a rise up to 910 after the Black Friday day?…smile. Sometimes EWT is just a crapshoot with future prediction. Keep them coming, Daneric, they are great, but sometimes we all need a little criticism to keep us honest, because no one gets this market. Sorry to upset the community, not my intention.

]]> By: Josh http://www.focalequity.com/2008/12/02/elliot-wave-update-9/comment-page-1/#comment-15108 Josh Wed, 03 Dec 2008 06:25:49 +0000 http://www.stocktock.com/?p=9881#comment-15108 You are a shithead You are a shithead

]]> By: tom http://www.focalequity.com/2008/12/02/elliot-wave-update-9/comment-page-1/#comment-15104 tom Wed, 03 Dec 2008 03:47:12 +0000 http://www.stocktock.com/?p=9881#comment-15104 ditto. What a lame post after so much effort. More power to you, daneric! ditto. What a lame post after so much effort. More power to you, daneric!

]]> By: MktMike http://www.focalequity.com/2008/12/02/elliot-wave-update-9/comment-page-1/#comment-15103 MktMike Wed, 03 Dec 2008 03:46:41 +0000 http://www.stocktock.com/?p=9881#comment-15103 Lets see if that holds off in the long run. Its ridiculously more difficult to play this market now that it has been in the past. If you continuously have a good strategy please be sure to let us know. Lets see if that holds off in the long run. Its ridiculously more difficult to play this market now that it has been in the past. If you continuously have a good strategy please be sure to let us know.

]]> By: pmesdjian http://www.focalequity.com/2008/12/02/elliot-wave-update-9/comment-page-1/#comment-15102 pmesdjian Wed, 03 Dec 2008 03:31:31 +0000 http://www.stocktock.com/?p=9881#comment-15102 Really. Can you tell me what you have done over the last week (entry and exit levels). How about tonight? Are you long or short currently and where did you get in? Also where are your stop levels and take profits. Sorry for all the questions, but if you have been making a lot of money then maybe we can all learn from you. Thanks in advance, Pete Really. Can you tell me what you have done over the last week (entry and exit levels). How about tonight? Are you long or short currently and where did you get in? Also where are your stop levels and take profits. Sorry for all the questions, but if you have been making a lot of money then maybe we can all learn from you.

Thanks in advance,

Pete

]]> By: dumbpainter http://www.focalequity.com/2008/12/02/elliot-wave-update-9/comment-page-1/#comment-15101 dumbpainter Wed, 03 Dec 2008 03:26:06 +0000 http://www.stocktock.com/?p=9881#comment-15101 I've been trading the opposite of Daneric's analysis and doing really well. I’ve been trading the opposite of Daneric’s analysis and doing really well.

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