Is it possible to comment on the Japanese market. It seems to have followed an elliott wave pattern since the high of 1990. When it finally hits the bottom, it seems likely that it will pave the way for an uptrend of large proportions in the major markets and so is important to analyse. Looking at the net it seems very few if any with a knowledge of elliott wave comment on it.
funny looking at the comments, Max thank you for taking the time - (you're free time) to share this, and take all the criticism too,with a pinch of salt. I guess once you start doing research for yourself, rather than reading someone elses research & living by it, you will be better off. it takes balls to do what u do. cheers Max
@jpandyaraja I understand your idea and I think it could be a valid alternative count for me to use... I think someone else has also shown me a chart with this idea.
But at the moment, it looks like the Dow has made 5 waves down on the 15 min chart suggesting there will still be some more downside to come before we have to see whether it is indeed a wave "b" or a wave 3 of C as per my count.
Yeah it's getting interesting. So far today Dow is doing exactly as per the script.
You should come join us on the Trader Lounge and share some charts and ideas with members.... the live chat box is mighty adictive during live market hours :)
what it is today. If you have been following prechter's calls on the currency markets they have been rather stellar, telling people to buy the dollar when then it was trading over $1.50 agains the EUR. Then a couple months ago when the EUR/USD was at $1.18 he said prepare for a retracement rally. Then this past Tuesday when it reaced $1.33 he said buy the dollar again. Argue with that record. If anyone would have followed his advice they would have made tons of moeney.
You are essentially saying that there will be no double-dip. I am telling you that is ludacris! I know Prechter has been wrong before. However, as one who subscribes to his newsletter, I find his interpretation of the wave structure, as well as hiscase for deflation, much more compelling that I do yours. Most people do NOT agree we are going into a double-dip. That is why it is goin got happen. I wouldn't call your views contrarian at all. Also, Prechter took EWP from obscurity and made it...
@philolson321 I am not telling you what to do with your money, I am just sharing my analysis.
But I simply warn you against blindly following one market analyst without questioning him at all. Prechter has made mistakes and will make mistakes in the future (as with any human being)... I would just warn you again a dogmatic view of the market.
When most people agree on market direction (ie: double dip) the market has a way of catching them off guard.
"The Dow will breach the 2007 highs before it breaches the 2009 lows." Lol... You are smoking crack man, it is obvious you have been in school wayyyyyyy too long. You honestly think the market is going to rally. What the hell are you thinking man? We are in a Fucking Depression, the fundamentals are just terrible for this market. The April high that prechter said was the top was a PERFECT 61.8 fibonnaci ratio from 2007 to March 09. I love how you continue to use the prechter's theory.
@philolson321 My friend.... it is not "prechter's theory"... it is R.N Elliott's theory composed decades before prechter was born and even looked at a chart.
I agree the fundamentals are awful... but you cannot ignore the unpresendeted monetary measures the central banks are taking. I am not saying they will help the fundamentals, but they do inflate prices (ie: stock markets).
Look at Mexico in the 1980s as an example of similar circumstances.
Excellent video, Max. My only question regarding the overall count would be as follows: given that Elliott waves are 'generally' or 'roughly' proportional, then how is it seen that the proposed (z) wave is in any way proportional to the (w-x-y-xx) that came before it? Thanks,
Hi, Max. What about the Elliott waves of S&P? I trade the S&P Emini and it smetimes gives very precise SR levels as well. Would you consider keep an eye on it, and maybe analyse it sometime in the futhure?
I'm not a elliot wave trader, but your video has been grate to watch. Thanks a lot for that!
Thanks Max.
Is it possible to comment on the Japanese market. It seems to have followed an elliott wave pattern since the high of 1990. When it finally hits the bottom, it seems likely that it will pave the way for an uptrend of large proportions in the major markets and so is important to analyse. Looking at the net it seems very few if any with a knowledge of elliott wave comment on it.
sion_davis
TheSion88 5 months ago in playlist More videos from Andronichuk
THANKS MAX
MyREDORANGE 1 year ago
funny looking at the comments, Max thank you for taking the time - (you're free time) to share this, and take all the criticism too,with a pinch of salt. I guess once you start doing research for yourself, rather than reading someone elses research & living by it, you will be better off. it takes balls to do what u do. cheers Max
viseshgami 1 year ago
@viseshgami Thanks Man. Much appreciated :)
Andronichuk 1 year ago
as i have said before ..with due respect i think your count is wrong..we had a double
zig zag finished on jul 5 2010.....from there we have a simple a b c up....
that wedge is a ....we are now in b .... and c should take us above s and p 1050 ..
.......at least that ought to be alternative count....
jpandyaraja 1 year ago
@jpandyaraja I understand your idea and I think it could be a valid alternative count for me to use... I think someone else has also shown me a chart with this idea.
But at the moment, it looks like the Dow has made 5 waves down on the 15 min chart suggesting there will still be some more downside to come before we have to see whether it is indeed a wave "b" or a wave 3 of C as per my count.
Andronichuk 1 year ago
@Andronichuk i understand you perfectly........if you are right then C waves are
powerful waves, so the market would have a very fast and a large fall right now..
there should be no hesitation on the part of the market now..........anyways , i admire your sporting spirit and lets see how it enfolds next...
jpandyaraja 1 year ago
@jpandyaraja Thanks Jpandyraja.
Yeah it's getting interesting. So far today Dow is doing exactly as per the script.
You should come join us on the Trader Lounge and share some charts and ideas with members.... the live chat box is mighty adictive during live market hours :)
Andronichuk 1 year ago
EUR/USD, heading below $1.00, that is all I know according to prechter.
philolson321 1 year ago
what it is today. If you have been following prechter's calls on the currency markets they have been rather stellar, telling people to buy the dollar when then it was trading over $1.50 agains the EUR. Then a couple months ago when the EUR/USD was at $1.18 he said prepare for a retracement rally. Then this past Tuesday when it reaced $1.33 he said buy the dollar again. Argue with that record. If anyone would have followed his advice they would have made tons of moeney.
philolson321 1 year ago
You are essentially saying that there will be no double-dip. I am telling you that is ludacris! I know Prechter has been wrong before. However, as one who subscribes to his newsletter, I find his interpretation of the wave structure, as well as hiscase for deflation, much more compelling that I do yours. Most people do NOT agree we are going into a double-dip. That is why it is goin got happen. I wouldn't call your views contrarian at all. Also, Prechter took EWP from obscurity and made it...
philolson321 1 year ago
My money is on prechter, the man who has called this market to a tee for the past year, over some college flunkee on youtube.
philolson321 1 year ago
@philolson321 I am not telling you what to do with your money, I am just sharing my analysis.
But I simply warn you against blindly following one market analyst without questioning him at all. Prechter has made mistakes and will make mistakes in the future (as with any human being)... I would just warn you again a dogmatic view of the market.
When most people agree on market direction (ie: double dip) the market has a way of catching them off guard.
Andronichuk 1 year ago
@Andronichuk give this guy ..philoson.. precters analsys for 1987 to 2000
and show to him how much he would have lost if he had listened to prechters
jpandyaraja 1 year ago
@philolson321
prechter has got stuff wrong too.
in fact this guy has been more right than prechter if you've been tracking him.
orangedac 1 year ago
@orangedac Thanks Orange. :)
I might just be having a lucky streak.. but market is lookg GREAT at the moment :)
Andronichuk 1 year ago
"The Dow will breach the 2007 highs before it breaches the 2009 lows." Lol... You are smoking crack man, it is obvious you have been in school wayyyyyyy too long. You honestly think the market is going to rally. What the hell are you thinking man? We are in a Fucking Depression, the fundamentals are just terrible for this market. The April high that prechter said was the top was a PERFECT 61.8 fibonnaci ratio from 2007 to March 09. I love how you continue to use the prechter's theory.
philolson321 1 year ago
@philolson321 My friend.... it is not "prechter's theory"... it is R.N Elliott's theory composed decades before prechter was born and even looked at a chart.
I agree the fundamentals are awful... but you cannot ignore the unpresendeted monetary measures the central banks are taking. I am not saying they will help the fundamentals, but they do inflate prices (ie: stock markets).
Look at Mexico in the 1980s as an example of similar circumstances.
Andronichuk 1 year ago
@philolson321 i dont know why you are so hooked on prechter....the man was wrong
for 10 continous years from 1987......to 1997............robert prechter is a complete
fraud and a sensationalist...........and remember ever a broken clock is right
twice a day.......
jpandyaraja 1 year ago
thanx for analysis
me7md 1 year ago
Excellent video, Max. My only question regarding the overall count would be as follows: given that Elliott waves are 'generally' or 'roughly' proportional, then how is it seen that the proposed (z) wave is in any way proportional to the (w-x-y-xx) that came before it? Thanks,
ElliottTrader 1 year ago
Hi, Max. What about the Elliott waves of S&P? I trade the S&P Emini and it smetimes gives very precise SR levels as well. Would you consider keep an eye on it, and maybe analyse it sometime in the futhure?
I'm not a elliot wave trader, but your video has been grate to watch. Thanks a lot for that!
MrFengpan 1 year ago
should i sell my mid October SPY @ 90 puts on Monday or continue to hold them?
will we approach anywhere near 900 on the S&P by the start of October?
i need some piloting help here.
orangedac 1 year ago
Look at the yields for the 10 years bond, from 3 odd+ to 2.688%. The FED got something to take care of than monetary easing...
marque1999 1 year ago
What's the hindenburg omen traders secretly whisper to one another last week....
like the head n shoulder pattern and 'death cross', if the mainstream media like cnbc mention it, it wouldnt occur...
marque1999 1 year ago
Excellent analysis Max.
Sjag4ever 1 year ago