Thread: Elliott Wave Trading Discussion

Originally Posted by Franosh

Did you say that you studied physics and maths at university? How would you use that knowledge to rationalise your last two paragraphs?

Briliant question.glad you asked this.although its a complex technical discussion,but try to use a simple language to illustrate that.

we udnderstand the nature and interact with our world through 4 major forces,electromagnetic,weak force,strong force and gravity.

and we now know that through recent discovery of The Super String Therory these fundemental forces are NOT 4 different energies.
they are actually ONE! they are just vibrations in the different forms.and that is "The Unfied Field" in other word; Mind and Matter are ONE ,
we also know that there are 11 dimensions and we as human have access to only 3!
like a fish in aquarium,the fish goes up/down,left/right and thinks this is all there is! and can not even think of any outside worlds and dimensions...we are the fish in this universe! all we have discovered so far are 4 natural laws and 3 dimensions and we think,we are all there is in the universe! but now we are scratching our head; emmm,are we sure some folks don't exist in other 8 dimensions!?

and according to ancient Vedic Science,and now to new findings in Quantum physic that thought=matter ,our consciousness=Cosmic Intelligence=reality of ALL dimensions
so in order to advance and jump out of the aquarium we must first change the way we THINK or
simply grow up!

that will prove our competance and willinness to move beyond and for example,adopt the Extratrrestrial technologies who live and function in other dimensions and are millions years more advanced than us.starting to learn about their advanced energies,anti gravity effects,time travel etc. then will be fully ready to leave the type zero civilization which after 26000 years,we are about to go through in the next 3 to 5 years!

I have to wrap it here!hoping it did shed some light on your question.

Thanks again for your great line of thought.

Originally Posted by mike3gdc

It is possible if water,food crisis hit, some food and drugs companies might benefit and take or keep the S&P and DOW around to your proposed two counts.
It actually fits with my chart below,with falling Dollar until the next year...
according to the webbot,US dollar will be disappeared as the world currency by the Nov 2010...So here we go; a possible imaginary count for the scenario!

Mike,
The webbot project is the altimate fear mongering machine. It works by picking up chatter off the internet. Obviously when the dollar is the least popular (97%), death to the dollar would be the theme for the economy. They also said this summer would be the worst summer weve seen and that acceptance of earth changes would be undeniable. I havent seen that this summer, have you? Their really big on conspiracies, which is common in super cycle bear markets. Im not saying death will not happen to the dollar, Im saying their timing is way off...as usal. They are just fueling the dollar bears thats all. First, all these dollar bears need to get burned. People stocking up on Gold and silver now (with higher leverage looking to get rich) need to get burned too. Then and only then, will the dollar begin its journey to death.
BTW, they predicted death to the dollar this fall not NOV.2010 as you said. The dolar should do well within the next year or so. This should be the last harah for the dollar. Next year, around this time, we should be in the last stages of C down and is when you should be stocking up on Gold and Silver in my opnion. I started buying now...but not on leverage. I fully expect the price to come down, but thats not my concern. I don't know where I will be next year, or if I will be in any condition to buy precious metal. So I made a concious decision to start buying now...not on leverage.

Originally Posted by italm31

Nobody seems to be acknowledging the beautiful ending diagonal on the Euro. Why is it important...cause we are there. We ended Friday with a reversal candle at the 61.2%. We're at 97% dollar bears...this thing will drop like a rock...not in a few weeks, not the end of next week, not even mid week. We should begin droping at the open. The crash of the century is now here. Enjoy the fireworks!

Hello italm,
I think you maybe right since the euro/gbp had a potential truncated fifth wave , and if it drops below 0.8704 further it supports this fact and down goes the euro!!
sorry no chart, I,ll post the charts tomarrow.

Edwards,

Originally Posted by Edward16

Hello italm,
I think you maybe right since the euro/gbp had a potential truncated fifth wave , and if it drops below 0.8704 further it supports this fact and down goes the euro!!
sorry no chart, I,ll post the charts tomarrow.

Edwards,

Eduard,
I noticed that too...the hourly shows a nice 5 wave decline and weve broken the II-IV trendline. We should retrace back to the trendline before the next decline. So in essence, if the Euro shows a nice ending D, the pound, a potential head and shoulder and BOTH pairs still fall from here, we could only imagine how hard the Euro will fall next to all other pairs.

Sign of a top in gold??

Good as gold

Originally Posted by mike3gdc

Hello guys,

Following the DOW discussion and the extent of downtrend last week,I'd like to share my thoughts.Best,

Mike and everybody on this Forum:
I am also aware of the Mayan Calendar and the dire predictions.
Are they credible, or are they just an interpretation of some ancient stone reliefs found in the ruins of old temples? From what I know, there is very little scientific archeolgical credence, which is notwiothstanding the fact that the 26000 years cycle is coming to the end very soon, some people say as soon as 2010 or 2012 and that the Earth will enter the Era of Aquarius.

To make things more complicated, the magnetic field of the Earth is getting really weak now; it is now only a fraction of what it was historically , the position of magnetic poles is shifting rapidly and many scientists predict that the magnetic field can and will switch poles very soon, maybe within the next few years. In other words, plus will become minus and vice versa.

Why is this important? because life cannot exist without magnetic field. Without magnetic field we will be exposed to the cosmic radiation (alpha, beta gamma rays); until now magnetic field provided a shield.
If the poles were to switch (and they switch every 147,000 years or so), it can create major disturbance for some time. Even the Earth axis could be affected, which will create monumental tidal waves and extreme weather patterns.

But that's neither here nor there. Pure speculation and fear mongering.

Now, going back to Wave Theory.
The number that is tossed around on this forum (DOW at 4000) does not even come close to the target that Steve Hochberg of EWI is talking about. In one of his publications he mentions DOW below 750 and the "survival of the US at stake".

Mike

Originally Posted by Big Mike

Mike and everybody on this Forum:
I am also aware of the Mayan Calendar and the dire predictions.
Are they credible, or are they just an interpretation of some ancient stone reliefs found in the ruins of old temples? From what I know, there is very little scientific archeolgical credence, which is notwiothstanding the fact that the 26000 years cycle is coming to the end very soon, some people say as soon as 2010 or 2012 and that the Earth will enter the Era of Aquarius.

To make things more complicated, the magnetic field of the Earth is getting really weak now; it is now only a fraction of what it was historically , the position of magnetic poles is shifting rapidly and many scientists predict that the magnetic field can and will switch poles very soon, maybe within the next few years. In other words, plus will become minus and vice versa.

Why is this important? because life cannot exist without magnetic field. Without magnetic field we will be exposed to the cosmic radiation (alpha, beta gamma rays); until now magnetic field provided a shield.
If the poles were to switch (and they switch every 147,000 years or so), it can create major disturbance for some time. Even the Earth axis could be affected, which will create monumental tidal waves and extreme weather patterns.

But that's neither here nor there. Pure speculation and fear mongering.

Now, going back to Wave Theory.
The number that is tossed around on this forum (DOW at 4000) does not even come close to the target that Steve Hochberg of EWI is talking about. In one of his publications he mentions DOW below 750 and the "survival of the US at stake".

Mike

Mike, Conspiracy theorys run rampant during noraml bear markets...let alone super cycle bear markets. This is one of those time. When its finally over, near the bottom, the End of the World will probably be the genal concensus among most people. Thats how we will know were almost at bottom. I fully expect Dow to reach at least 1500. Doesnt mean it wont fall further but my suspicions are that if Dow falls below 1000, nobody will even be watch the markets anymore, just trying to survive...and thats what we must fear the most. Ourselves in times of panic.

.: M A H E N D R A P R O P H E C Y :.

I do not know, how many on this Forum follow Mahendra.
I read him from time to time, link above.

He is basing his predictions on Astrology, mostly on Saturn.
I will not even attempt to explain, as I might only trivialize the work of a person in the field I know nothing about.

Funny enough, based on Saturn Mahenmdra is predicting THE BOGGEST STOCK MARKET CRASH SINCE 1929 AND GOLD HITTING 550.

Strangely enough, it coincides with Elliott. Maybe Elliott Waves are influenced by stars? Wouldn't surprise me, if Wave Theory is nothing else, but human reactions to cosmic energy. After all, we all know that the sun spots have major influence on wars, strikes, civil unrest.

So, if something like Unified Market Theory does exist, astrology and Elliott may be a parallel depiction of the same phenomenon, only called a different name and derived from different data.

Originally Posted by italm31

Mike, Conspiracy theorys run rampant during noraml bear markets...let alone super cycle bear markets. This is one of those time. When its finally over, near the bottom, the End of the World will probably be the genal concensus among most people. Thats how we will know were almost at bottom. I fully expect Dow to reach at least 1500. Doesnt mean it wont fall further but my suspicions are that if Dow falls below 1000, nobody will even be watch the markets anymore, just trying to survive...and thats what we must fear the most. Ourselves in times of panic.

You are right.
I am totally aware, how fragile our society is, especially now.
One day without electricity and we are toasted.
One week with empty shelves at Safeway and we are on the brink of starvation.

i am afraid that, if DOW really drops, we will end up WITHOUT ANY SERVICES AT ALL; no water, no food, no utilities, no gas, no electricity.
What will happen then? Plus, civil unrest, fights with police, breakdown of civil society, strikes, street protests.

Originally Posted by Big Mike

You are right.
I am totally aware, how fragile our society is, especially now.
One day without electricity and we are toasted.
One week with empty shelves at Safeway and we are on the brink of starvation.

i am afraid that, if DOW really drops, we will end up WITHOUT ANY SERVICES AT ALL; no water, no food, no utilities, no gas, no electricity.
What will happen then? Plus, civil unrest, fights with police, breakdown of civil society, strikes, street protests.

Isn't that a bit too drastic! The world and societies will survive, in one way or another. There might be some rough times ahead, but it won't be the end of the world.

Originally Posted by italm31

Mike,
The webbot project is the altimate fear mongering machine. It works by picking up chatter off the internet. Obviously when the dollar is the least popular (97%), death to the dollar would be the theme for the economy. They also said this summer would be the worst summer weve seen and that acceptance of earth changes would be undeniable. I havent seen that this summer, have you? Their really big on conspiracies, which is common in super cycle bear markets. Im not saying death will not happen to the dollar, Im saying their timing is way off...as usal. They are just fueling the dollar bears thats all. First, all these dollar bears need to get burned. People stocking up on Gold and silver now (with higher leverage looking to get rich) need to get burned too. Then and only then, will the dollar begin its journey to death.
BTW, they predicted death to the dollar this fall not NOV.2010 as you said. The dolar should do well within the next year or so. This should be the last harah for the dollar. Next year, around this time, we should be in the last stages of C down and is when you should be stocking up on Gold and Silver in my opnion. I started buying now...but not on leverage. I fully expect the price to come down, but thats not my concern. I don't know where I will be next year, or if I will be in any condition to buy precious metal. So I made a concious decision to start buying now...not on leverage.

they predicted the USD will start falling from this Nov 4th and gradually is going to be disappeared by the Nov 2010.

I am keeping an open mind to all possibilties and these predictions and now am prapering for the worse.if didnt happen,well,what would I lose? but if it does happen,I will be back to the family farm,growing veg and milking cows!

Originally Posted by Big Mike

Strangely enough, it coincides with Elliott. Maybe Elliott Waves are influenced by stars? Wouldn't surprise me, if Wave Theory is nothing else, but human reactions to cosmic energy. After all, we all know that the sun spots have major influence on wars, strikes, civil unrest.

So, if something like Unified Market Theory does exist, astrology and Elliott may be a parallel depiction of the same phenomenon, only called a different name and derived from different data.

this is very true BigMike.I've come up with the same conclusion recently.I really like what you say.
according to the String Theory,Everything is interconnected...Elliott Wave Theory and Astrology and Quantum Physic! If we are not sure about an Elliott Wave counts,why not getting some help from Astrology or now WebBot!

Bob Prechter and Dr. L Little recently wrote a book about this subject.haven't got the book yet.it must be fascinating.

Amazon.com: The Theory of Elementary Waves: A New Explanation of Fundamental Physics (9780932750846): Lewis E. Little, Robert R. Prechter Jr., New Classics Library Inc.: Books

Originally Posted by mike3gdc

they predicted the USD will start falling from this Nov 4th and gradually is going to be disappeared by the Nov 2010.

I am keeping an open mind to all possibilties and these predictions and now am prapering for the worse.if didnt happen,well,what would I lose? but if it does happen,I will be back to the family farm,growing veg and milking cows!

Would it be possible that all these ultra-pessimistic views even among EW followers is also a sign of the time at market extremes?

3 bullish counts and one bearish.

If eurusd breaks the 4620 resistance, the triangle is out.
Then we have a bullish count left and a very bearish one (wave 3 or C down).

Originally Posted by Franosh

Would it be possible that all these ultra-pessimistic views even among EW followers is also a sign of the time at market extremes?

That is the key, you need to be an observer of the crowd, even the EW crowd.
Good observation Franosh!