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To: robert b furman who wrote (41023)5/3/2025 10:45:55 AM
From: skinowski  Read Replies (1) | Respond to of 41419
 
CLX studies have gone to "Green MOJO", after 13 days of red followed by 6 days of green followed by 19 days of red, which in the world of Elliott Wave is an ABC corrective wave.
I love it! Some 20-25 years ago, when I was younger and probably smarter - and definitely more energetic - I used to get obsessed with translating classic TA patterns into EW.

Like, for example, take H&S. Often, the price will cross the neckline - and continue in the same direction - which means that it “worked out”. Other times, it will bounce off the neckline (sometimes, after penetrating it for a bit) - AND resume the previous trend. This means the H&S “failed”.

In the 2nd, “failing” case, we have an ABC pullback. Price will decline down the Head, up the Right Shoulder - and then, down towards the neckline, before reversing. In fact, it’s been noticed that a “Failed” H&S is an excellent trend continuation pattern. It’s clear why - it’s an ABC.

When H&S works out, that’s interesting too — it’s a trend change.

I think the fact that you’re translating CLX studies into EW patterns means that you’re a born Elliottician!

Welcome to the club, sir! :)



To: robert b furman who wrote (41023)5/3/2025 12:08:40 PM
From: sandeep  Respond to of 41419
 
These EW experts are also calling for Soxl to go to 126. That is simply impossible. That is Soxx straight up 3x. we know that can’t happen - it goes up and down. So, for Soxl to reach 126, imagine where Soxx will have to go. The EW “experts” on Si are Trumpists - except for PS. They try to find positive in everything. None of them predicted this quick tariff related fall. They were all bulled up on April 1. That is all ok. But the lack of humility is surprising - or maybe not.