Longer-Term Market Trends Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Longer-Term Market Trends

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: patron_anejo_por_favor who wrote (1424)	7/21/2008 9:46:47 PM
From: AllansAlias	Read Replies (1) of 3209

What is this "meat and potatoes" thing? It's about entering a trade with two things on your side: 1) An obvious stop 2) With the forceful part of the move pending Part of this is based on Elliott. There is little difference between the impulsive (a 5-waver) move of a 3 wave and the 5-wave move in a 'c' (corrective) wave. Look at these two moves: This shows things from the short side, but it is the same from the long side. It's all about getting on board before the nice '3' or 'c' move, shown above in dark blue. This is why we often label a chart 'A/1', 'B/2', 'C/3'. Often we do not know for sure whether something is correcting in a 3 wave move (A-B-C) or starting a larger 1-2-3-4-5 move. What we can bet on however, is that there is a "brother leg" coming -- the '3' or the 'C'. If is where both scenarios converge -- they share an forceful 3rd move -- the brother to the initial move. This convergence makes it a high odds trade. It makes no difference for "meat and potatoes". The idea is to get on board for the '3/C'.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next