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Strategies & Market Trends : Elliott Wave and Index Trends with POKERSAM
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To: POKERSAM who wrote (543)2/27/2019 7:20:43 PM
From: pedro_deleon  Read Replies (1) of 1764
 
"So if you have questions please ask"

Not so much a question, as a comment and questions.

My work shows good reason to consider the IV done, now early in V up.

And the bearish view SEEMS to have dropped with the 2802 overlap. But lets not skip past this so quickly.
Lets instead suppose a DZZ down. What are the rules against us being in an X wave now?
I honestly don't know much about those.
Don't spend much time on that, however, because my (non EW) work DOES support some kind of bullish count. (directly or without lower lows in any event) But I'd rather dismiss it for a legitimate reason rather than simply dropping the odds.

But is there a less bullish count that has us still in IV? I think there is, and IMO it merits serious consideration.
That puts late Dec as A of IV (as the abc everyone sees); now in B. C D and E to follow. C down soon.

So your Bullish count has us in Impulsive 1.
This less bullish now triangle IV ongoing count has us in Corrective B up. (but higher lows to follow)
They can't both be right even now.
I've seen good EW folks be quite emphatic that this rally off Dec 26 is corrective.
And I've seen very reasonable EW impulsive counts, with nesting.
I lean toward the corrective up, myself.
But from a trading plan angle, it matters not at all. 2 down versus C down (in three waves w/i tri) should be similar to trade.
How are you dismissing the corrective up B count?
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