(10-31-2011 02:42 PM)finster869 Wrote: [ -> ] (10-31-2011 02:38 PM)amala Wrote: [ -> ]Finster
Looks like you had good counts! I think the 15:30 was the "v,"3. Now we can expect a Non-RTB "4 (hours to half-days) and then a final leg down to complete the .a. So maybe a midday or mid-morning high tomorrow ?
If our count is correct, then that would be the road map!
We are still have lower prices after i thought the "v,"3 was done. I thought it was done based on it taking 1.5 hour for the *5, but it had another 1/2 hour of bearishness to display.
Another option is we only completed *3. But that would be very bearish I think, overpowering 1221.
So most likely is we completed the *5,"v,"3.
Finster, glad you are around to help my grasp of time & price, I am either overslow or overfast in my analysis. I hope it will improve.
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Yes, I feel the same way. It is definitely helpful having someone else give their counts too.
I am wondering if "3 ended at 1263, we had a quick a-b-c for "4 at 1271 and we are finishing all of "5 for .a now. I often look at different time periods to see if the fractals we are building "look right" on various time frames. On the 60 minute chart, it looks like we have 5 waves down, so I think we need to remain cognizant that .a could be ending. Indicators also look pretty overbought.
It probably counts better as we are just finishing up "3, but wanted to throw that out there. Hopefully, some others will chime in with their thoughts. Would like to know what you think, Amala, as well.
I am tempted to put quick a-b-c, but that usually comes out wrong i think. I saw that Tom does often have B's as major trend setters in their own right. Not just as a quick break of trend and retreat.
In fact, it would be nice to analyze and maybe find a pattern about where the C ends up. If it stays behind or ahead of B in the RTB
I think this count makes sense. I would be very doubtful of a strong rally from here. We had a gap down and then continuing downward move today. We need a consolidation before prices move up. I think this action makes sense as a "3 and now we need to seem some retreat, consolidation with the trend breaks and retreats to finish this .a. Maybe tomorrow we will have our low. That would give us about 3 trading days for our sub-micro .a (half-days to days).
BTW, if we draw the line on this "iv, it is give interesting s/r, but not really where we are expecting this "3 to end.
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Your counts look good. However, my count is a little different. I don’t know if this is right. But, I think we may be at the Sub-Micro .a…or very close.
The retracement is between 50% and 62% of the whole Micro 1-3, and time span is longer. So, for and A wave it’s fairly large compared to the prior 1,2,3.
The wave count and analysis on this chart were done manually and not generated by ELWAVE.
Sorry, about the Elwave wave symbols, I hope you can translate: ’11...’ Is Mil; ’12…’ Sub-Mil, etc.
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(10-31-2011 05:12 PM)Perry Wrote: [ -> ]Your counts look good. However, my count is a little different. I don’t know if this is right. But, I think we may be at the Sub-Micro .a…or very close.
The retracement is between 50% and 62% of the whole Micro 1-3, and time span is longer. So, for and A wave it’s fairly large compared to the prior 1,2,3.
The wave count and analysis on this chart were done manually and not generated by ELWAVE.
Sorry, about the Elwave wave symbols, I hope you can translate: ’11...’ Is Mil; ’12…’ Sub-Mil, etc.
That's where I had us on Friday, you can see this post:
http://newelliottwaverule.org/forums/thr...ml#pid1942
Then Tom suggested we were only in "iv of "1 of .a with Friday's upward drift. We revised this morning to put us further along.
The line from 4 does not make sense in mine & Finster's latest count, and ours is supposed to go along further. Our count has even times spans though. You can see the "1 & "2 in yours are compressed, but we spaced ours out.
As you said, retracement wise, we maybe done, we are between 50% & 61.8% right now
So, Perry has our .a finished or finishing up. Time will tell, but I think I like Perry's count better than our count. Like I said, go to a 60 minute chart, and it looks like we have a solid 5 waves down.
The area that Perry has marked as the red 13:a, 13:b and 13:c/12:4 looks like a solid a, rtb, 4c move.
Hopefully, Tom and Theory will chime in.
(10-31-2011 06:50 PM)finster869 Wrote: [ -> ]So, Perry has our .a finished or finishing up. Time will tell, but I think I like Perry's count better than our count. Like I said, go to a 60 minute chart, and it looks like we have a solid 5 waves down.
The area that Perry has marked as the red 13:a, 13:b and 13:c/12:4 looks like a solid a, rtb, 4c move.
Hopefully, Tom and Theory will chime in.
I like a hybrid of the two counts:
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Hi fins,
Wave A will never have an RTB 4th but both your counts show one
in your latest post.
amala I'd like to remind you that the line drawing does not get done
in a 4th wave, only 5th and C waves.
I do not like the way the time spans break down in this wave but
there is nothing new to go on yet so that is my chime.
(10-31-2011 08:08 PM)TS Hennessy Wrote: [ -> ]Hi fins,
Wave A will never have an RTB 4th but both your counts show one
in your latest post.
amala I'd like to remind you that the line drawing does not get done
in a 4th wave, only 5th and C waves.
I do not like the way the time spans break down in this wave but
there is nothing new to go on yet so that is my chime.
WOW, Tom....absolutely correct....not sure what I was thinking on those last 2!!!!
Hi,
Must admit to being
very surprised at the sudden importance being put on time within the counts. Had three goes last night at putting my thoughts into words but ended up wiping the posts and logging out - they were more like rants than an attempt at putting forward a different viewpoint in order to balance the books
The guidelines for time based thinking in EWT are just that, guidelines - they are not rules. Sometimes guidelines are very tight and sometimes they are loose - the EWT time ones are loose/vague in the extreme IMO.
For example, "Minutes to quarter days"; how many minutes is "Minutes"? Are these max and min fixed in stone or can records be broken and new boundaries be established? As for the overlaps between degrees, hmmm..............
On the other hand NEWR has tight rules for dealing with Price based action, rather than just guidelines.
Sometimes counting the waves gets very difficult - my "hates" are gaps and long drawn out trends with weak internal counter moves. In those cases I just
wait until more info comes along that allows some, if not all, of the sections labelled ? to be allocated name tags.
I understand how some people might find the line drawing and time guidelines useful when things get messy - a sort of "I'd rather not be doing this but there is no alternative." approach.
My response is that I don't have to trade when the count is full of ? ? ? ? sections, so I don't - I prefer to wait until better opportunities present themselves aka risk, reward and probability of success.
cheers theory