DOW Jan. 2010

[TS Hennessy]

Here is a markup of the C of 4 of a C of 4th wave that began October 2007



This is how to count it. Go to the updated count for more current read.
(Updated here: http://newelliottwaverule.org/forums/thr...html#pid35 )

------- Proceed to original posting of count below -------
1/8/2010
We are almost finished with this one. I thought it might finish today
but it has more to go.


A comment about this running past 5 of 5's too many times prompts a
thought about degrees.

In the book I mention,

Quote:"The practical application of this new rule will include from
4 to 6 internal and current and external degrees of scale."

That is perhaps average. When the wave is simple less degrees of detail
will show and when it is complex then more will show.

This particular drifting portion is yielding plenty of detail.

That is great but don't let that be a way for the market to trick you into
taking shortcuts. The degrees of scale will actually go all the way down
to Sub-Nano.

How many you track on the time horizon you are following will vary with
the combination of that view plus the complexity of the wave.

This chart begins with the middle of a Primary Degree covering
Quarters to Years so you can bet there will be lots of 5ths in there
before it finishes up. If it were all crunched into a monthly chart with
a volatile spike that would be different. This one is on 1 Hour and spans
10 months!!

[forexspeculator84]

(01-08-2010 06:12 PM)TS Hennessy Wrote:  Here is a markup of the C of 4 of a C of 4th wave that began October 2007



We are almost finished with this one. I thought it might finish today
but it has more to go.

A comment about this running past 5 of 5's too many times prompts a
thought about degrees.

In the book I mention,

Quote:"The practical application of this new rule will include from
4 to 6 internal and current and external degrees of scale."

That is perhaps average. When the wave is simple less degrees of detail
will show and when it is complex then more will show.

This particular drifting portion is yielding plenty of detail.

That is great but don't let that be a way for the market to trick you into
taking shortcuts. The degrees of scale will actually go all the way down
to Sub-Nano.

How many you track on the time horizon you are following will vary with
the combination of that view plus the complexity of the wave.

This chart begins with the middle of a Primary Degree covering
Quarters to Years so you can bet there will be lots of 5ths in there
before it finishes up. If it were all crunched into a monthly chart with
a volatile spike that would be different. This one is on 1 Hour and spans
10 months!!

HI Tom,
Nice count that you've got there. I was lost counting the wave up from the March 09 low of almost all the stock indices. This count seems to make sense to me. If it's correct, then is it calling for a quite substantial drop soon of the stock market? Can I have you count from the high in 2007 or even longer period to have a bigger picture?. Again, thanks for your work!

[TS Hennessy]

(01-09-2010 09:54 PM)forexspeculator84 Wrote:  Is it calling for a quite substantial drop soon of the stock market? Can I have you count from the high in 2007 or even longer period to have a bigger picture?. Again, thanks for your work!

Yes the implication is that we at least match March 2009 lows.

That wave - whether matching or lower - will complete the Cycle
degree 4th wave C. The 2007 high was the B ending of that RTB 4th.

Descriptions are not clear enough. Pics to follow.

[TS Hennessy]

(01-10-2010 02:07 AM)TS Hennessy Wrote:  Descriptions are not clear enough. Pics to follow.

The before and after pictures -- as well as the DOW made it's Move TODAY!!

See these in this post:

http://newelliottwaverule.org/forums/thread-14.html

[Raklian]

(01-11-2010 09:21 PM)TS Hennessy Wrote:  

(01-10-2010 02:07 AM)TS Hennessy Wrote:  Descriptions are not clear enough. Pics to follow.

The before and after pictures -- as well as the DOW made it's Move TODAY!!

See these in this post:

http://newelliottwaverule.org/forums/thread-14.html

What will follow is just an educational question, for my own learning that is. How do you know the Dow has made its move (the one that ends at the C wave of a RTB 4th)? Or maybe even a better question, how do you know Dow has completed this particular wave? For all I know, the market could still drift even way higher. Maybe I suspect it has to do with enough progression of 5ths.

[TS Hennessy]

(01-25-2010 11:37 AM)Raklian Wrote:  

(01-11-2010 09:21 PM)TS Hennessy Wrote:  

(01-10-2010 02:07 AM)TS Hennessy Wrote:  Descriptions are not clear enough. Pics to follow.

The before and after pictures -- as well as the DOW made it's Move TODAY!!

See these in this post:

http://newelliottwaverule.org/forums/thread-14.html

What will follow is just an educational question, for my own learning that is. How do you know the Dow has made its move (the one that ends at the C wave of a RTB 4th)? Or maybe even a better question, how do you know Dow has completed this particular wave? For all I know, the market could still drift even way higher. Maybe I suspect it has to do with enough progression of 5ths.

Short answer:
I know by counting.

Long answer:
I can point to the door but you would have to walk though it.
Here's the thing... That door is marked, "Commit Funds to Risk".

So it is naturally of the utmost importance to have the
conviction which will be required. You are the one who is
responsible for learning how to count waves.

See These threads (alternatively wait for confirmation):

http://newelliottwaverule.org/forums/thr...tml#pid102

http://newelliottwaverule.org/forums/thr...tml#pid110

http://newelliottwaverule.org/forums/thr...tml#pid106

If you are not first convinced of Elliott Wave validity there is not much
point discussing these questions. That is OK.

To further explore them, the suggestion is to learn the rules thoroughly
and then look and see if the NEWR is in fact self-validating as I have
presented it and contend.

That really is the only other logical choice besides waiting and watching.

Then simply count the waves.