Comments on: Elliott Wave Update ~ 3/04/09

By: Ariel

Ariel — Thu, 05 Mar 2009 19:52:52 +0000

On the CPC . CPC. The line blue dashed is correct ?
Thanks.

By: Daniel

Daniel — Thu, 05 Mar 2009 14:41:15 +0000

I’d rather wait for Primary 3 so I can trade Primary 2 and make enough money to hit the biggest crash of all time and get rich.

By: tanya

tanya — Thu, 05 Mar 2009 13:21:26 +0000

Then they are predicting the end of capitalism, beginning of full-fledged socialism.

Awesome.

By: Used to be Annoyed

Used to be Annoyed — Thu, 05 Mar 2009 12:38:20 +0000

Honest, EWI says 400 on the DOW… I questioned it too, but all of their other targets are Dow numbers.

By: GBT

GBT — Thu, 05 Mar 2009 06:37:37 +0000

“i’m thinking it is IMPOSSIBLE to put in a strong bottom on the 6th. im saying that it will be a temporary turn date. we should head higher and then tank again into OPEX”

This is consistent with the the current wave count and FWIW waves 4,(5) & 5,(5) can achieve this. This is one of the problem’s I had with Larry’s prediction. OK, need a break now before my eyes fall out of their sockets.

By: GBT

GBT — Thu, 05 Mar 2009 06:28:53 +0000

Yes, I realized later what you said wasn’t news related. I should have modified my comment. Oh I do look at MaxPain. Most definitely. In the future I will try to become like Spock and mind meld with the manipulators. For our joint profit of course!

By: Fishy market

Fishy market — Thu, 05 Mar 2009 05:45:02 +0000

Does anyone else think we’re still in [iii] of 3 of (5)? I’m not entirely comfortable with [v] of 3 being steeper in slope than [iii] of 3. We could have a lot more decline to come on 3 of (5) than it seems…

By: Rob S.

Rob S. — Thu, 05 Mar 2009 05:39:35 +0000

Are you sure that you mean 400 on the Dow and not the S&P500? Idan mentions 2000-3000 on the Dow, and GBT is bringing up 200? On the Dow or S&P?

I have to think 400 on the Dow means raising chickens and rabbits and growing a vegetable garden and if you currently reside in an urban environment get the heck out now.

400 on the S&P will be bad enough, but 200-400 on the Dow and it’s Goodnight Irene.

By: Richard (permabear)

Richard (permabear) — Thu, 05 Mar 2009 05:24:02 +0000

GBT,

yesterday .. page 4 … post 25.. gave you my thoughts on the market

you replied “don’t pay attention to the news”

what im posting there is not news. these are my thoughts on market psychology and the treatment of selling puts and calls as a function of the market and a big business. the influence of the options market on the daily workings and movements are HUGE. ive always paid attention to this. there is no news story about it.

these are my thoughts and if you put yourself in the shoes of a market manipulator you will increase your trading profits. if you can feel the actions and movements for thier purpose you will profit immensely. this is an important part of trading and has nothing to do with news. try to think how you could best sell worthless calls to people by providing hope of a monster rally. you must make it look as if it is coming.

take a look at the options curve for this month on the SPY… you will be amazed!

By: Blue

Blue — Thu, 05 Mar 2009 04:10:58 +0000

I see your point. This count does seem to match up with the Dow.