Elliot wave counts

behold · #21 5th February 2008, 09:31 PM

nifty has completed fourth wave in correcting and now runnong toward fifth wave of large ger wave degreee so it now time to buying guys .......... be merry and buy

Jai.Shewaramani · #22 6th February 2008, 02:35 AM

Quote:

Originally Posted by emailkailash

Hi Jai,

I am told by some people that Elliott wave correction is over, can you tell me if this is true or we are going to see a downslide, as I am told that the correction (crash!!!!!!!!) occured due to liquidity problems and since now the liquidity will come back to the markets with all big IPO's refunding money-back so we will be heading for a rally before budget, can you please explain me, if the pain is over or we may see again a downslide as shown in the Elliott-waves.

Hi
I'm sure you know that Elliot waves are very subjective, so there is a chance that different people will have different wave counts.

But I stick to my counts, we are currently in wave B, and we should head south once again to complete wave C.

So I would yet advice to treat this rally as an exit opportunity rather than an entry one.

Regards,
Jai Shewaramani

visakk · #23 6th February 2008, 09:34 AM

So far I thought only poor investors are confused about stock market.
Now realized, even EWT has no clue what it is supposed to do.

Jai.Shewaramani · #24 6th February 2008, 04:37 PM

Quote:

Originally Posted by visakk

So far I thought only poor investors are confused about stock market.
Now realized, even EWT has no clue what it is supposed to do.

who ever told you trading was easy, was definately wrong

CreditViolet · #25 6th February 2008, 05:08 PM

Quote:

Originally Posted by visakk

So far I thought only poor investors are confused about stock market.
Now realized, even EWT has no clue what it is supposed to do.

Everyone is confused, but with EWT you can label your confusions

Linus · #26 6th February 2008, 05:59 PM

Quote:

Originally Posted by CreditViolet

Everyone is confused, but with EWT you can label your confusions

Ha ha ha ha

s

Jai.Shewaramani · #27 11th February 2008, 01:30 PM

Quote:

Originally Posted by Jai.Shewaramani

Take this rally as an opportunity to exit...We are in wave B, we should once again go to the recent lows in the form of wave C

I hope everyone is enjoying the fall

kkseal · #28 28th March 2008, 09:26 PM

I have the following request for Amitt, Jai or anyone with good knowledge of EW.

Over the weekend could you please post a brief writeup on two EW aspects - i) A FLAT correction ii) A TRIANGULAR correction.

I am particularly interested in knowing the proportions between the various legs (of a flat or triangle) - like what proportion can the B leg of a Flat be w.r.t. A etc. Same for triangle.

Also what is the min-max time range for such a correction to complete (would 5 mths be enough)?

Regards,
Kalyan.

yuvrajjj · #29 31st March 2008, 02:25 PM

Robert Prechter, the undisputed leading expert of Elliott Wave, has made some excellent forecasts using the theory, particularly in the '70s and '80s - he forecasted the horrific crash of 1987. But Prechter's record at the end of the twentieth century has not been stellar. In fact, his book "At The Crest Of The Tidal Wave" (1995), which publicly called for the end of the great bull market in 1995, was nearly five years and many Dow points premature; he was advising clients to exit the market even though the ascent was nowhere near its end.

If even the leading Elliott Wave expert finds Elliott Wave theory and its application so challenging, what hope is there for the rest of us?

source: investopedia.com