SI
SI
discoversearch

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 : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?


To: Henry J Costanzo who wrote (205818)3/2/2014 12:12:09 PM
From: Blue On Black  Read Replies (2) | Respond to of 209892
 
I don't remember seeing anyone use % the way you do - which, perhaps, is something that I need to look into and backtest. I see and use fib extensions of the '1' as commonly seen...which interestingly enough closely matches your target.
Common 1.618 extension (1.618 x 677 = 1095) would target 2170 from the end of '2'.
Interesting stuff.



To: Henry J Costanzo who wrote (205818)3/2/2014 2:01:47 PM
From: POKERSAM  Read Replies (1) | Respond to of 209892
 


Henry - I would be very interested to see how you counted the green wave 1 that you show ending at 1344.07. I don't see how you could get five waves from 666 to 1344 without having a problem with the third wave which also would need to be five waves.
How this move from 666 to 1344 is counted is, of course, critical for the following count.
IMO that move from 666 to 1344 can only be counted as a 1,2 leading to another smaller degree 1,2 with 2 beginning at 1344 OR as an ABC as I have shown many times on my five year chart..
I commend you for recognizing 1344 as the beginning of the corrective move to 1074. A lot of Elliotticians missed it.

I realize that I am a stickler for the rules and guidelines. Many who use EWP are really not interested in the finer points or making a big deal out of every wave's correctness. I would understand fully if you just tell me it is too much bother and you would rather not answer or deal with it. Really, that's OK.



To: Henry J Costanzo who wrote (205818)3/2/2014 3:19:32 PM
From: Blue On Black  Read Replies (1) | Respond to of 209892
 
OT (wild speculations and flights of fantasy...)

Couldn't resist plugging numbers into Guesstimate function and seeing how it matches 'reality'...or as much reality that we can see at this particular time.

Wave 1 = 677.28
Wave 2 = 269.30 or 39.8% at 1074.77
Wave 3 =? 1.618 x 677 = 1095 (1095+1075= 2170). Close enough to your 2150...

Even more speculative...
"If wave 3 = +100.07%---->2150"

IF wave 4 = wave 2 (since it was 39.8% and wave equality would remain close to my 76% parameter) then wave 4 should be in 1880 area (2150-270)

IF wave 5 = wave 1 (677) then wave 5 would target 2557

Two big 'IFs' and pixie dust needed to make it work...

Guesstimate would give (2.86 x 677)+666 for 2602

Horseshoes and hand grenades. All that is needed is a total disregard for reality, a fourleaf clover, a lucky rabbits foot, and ruby red slippers to click together.

Edit - Feel free to delete this or ask me to in the next few minutes...total fantasy and speculation...