Smart Trades Update 12.21.11 S&P, Nasdaq, Dow, Crude, Euro, Gold

More frequent reports at http://www.smarttrades.com For educational purposes only. No claims of profitability for any systems or methods posted.

Smart Trades Update 12.21.11 S&P, Nasdaq, Dow, Crude, Euro, Gold

More frequent reports at http://www.smarttrades.com For educational purposes only. No claims of profitability for any systems or methods posted.

Entire publication © Smart Trades Inc. 2011 All rights reserved.

All Charts & Quote Pages in this publication made with Omega Trade Station (r) 8


This post is for educational purposes only.

TRADE AT YOUR OWN RISK!




NOTICE: Traders can and do lose money. No claims are made that the information provided here will insure gains or prevent loses. TRADE AT YOUR OWN RISK.

All support, education and training services and materials in this post are for informational and educational purposes only. No type of trading or investment recommendation, advice or strategy is being made, given or in any manner provided by Smart Trades Inc. or its affiliates.


NOTICE: Neither the information, the systems, nor any opinion expressed herein constitutes a representation by Smart Trades Inc., or a solicitation for the purchase or sale of any commodity futures, other securities, or options of any kind. Those using the information and systems herein for trading purposes are responsible for their own actions and no claim is made that the recommendations or systems will be profitable or that they will not result in losses. Smart Trades owners, employees, or members of their families may have a position in the markets contrary to the information or systems contained herein. TRADE AT YOUR OWN RISK.




PLEASE NOTE THAT THERE IS AN INHERENT RISK OF LOSS ASSOCIATED WITH TRADING FUTURES AND OPTIONS CONTRACTS, EVEN WHEN USED FOR HEDGING PURPOSES. PLEASE CAREFULLY CONSIDER YOUR FINANCIAL CONDITION BEFORE INVESTING IN FUTURES AND OPTIONS CONTRACTS. FUTURES TRADING IS NOT SUITABLE FOR ALL INVESTORS. NO CLAIMS ARE MADE THAT THE INFORMATION PROVIDED HERE WILL INSURE GAINS OR PREVENT LOSES. TRADE AT YOUR OWN RISK.

PAST PERFORMANCE IS NOT NECESSARY INDICATIVE OF FUTURE RESULTS.

Category:

Education

Tags:

• Crude
• Oil
• Manipulation
• Dow
• Jones
• INDU
• DJI
• Day
• trade
• Stock
• Market
• Technical
• Analysis
• Elliott
• Wave
• Principle
• Gold
• S&P
• e-mini
• trading
• stock
• trader
• ES
• NQ
• NASDAQ
• Futures
• Traders
• Bonds
• Heating
• Dollar
• AA
• Alcoa
• Exxon
• XOM
• Home
• Depot
• HD
• Caterpillar
• CAT
• Microsoft
• MSFT
• SPY
• QQQQ
• Robert
• Prechter
• Trading
• Tutorial
• Lesson
• NYSE
• advances
• Breadth
• British
• Pound
• GBP
• lesson
• ORB:
• Opening
• Range
• Breakout
• study
• Crash
• 2012
• economy
• finance
• business
• stocks
• forex
• market
• options
• Bloomberg
• Long
• Term
• Stocks

[PianoFlight1159]

Greetings Bill,

There is a wave count on the Dow and S&P that I have recently considered. What if the market action during May-December was a triangle, with

Wave A: May 2 - October 4

Wave B: October 4 - October 27

Wave C: October 27 - November 28

Wave D: November 28 - December 7

Wave E: December 7 - December 19

I am interested to know if you think this is a plausible wave count, and why or why not?

Thank you very much for your help.

[T1systems]

@PianoFlight1159 It's possible, but *if* it's a triangle I think it's more likely we are still working on "B". The entire "B-E" pattern in your count is very short time wise relative to "A". Moreover, keep in mind I count "A" as having begun in February (the rally to the May peak best counts as an "abc"). In that case "A" lasted 7+ months, and "B" is still relatively proportional. Great question!

[T1systems]

@PianoFlight1159 While there is no arbitrary rule for how long "B-E" should last relative to "A", In every example I'm aware of from Elliott himself, or the EWP, "B-E" lasts longer in time than "A". One might expect "B" to last 50-90% as long as "A", and "C" to last 50-90% as long as "B", and so on (yes there could be exceptions). In your case "B-E" *combined* last about 50% as long as "A". Wave B is about three weeks, while "A" is five months. "D" is just over a week.

[T1systems]

Several chart updates at facebook this morning (12.23.11) . You can find the link at my site, or search facebook for smarttrades dot com (note: beware there are a lot of folks using variations of my smart trades, so it might be easiest to follow my links here). Please be sure to like me on Facebook., Thanks! Merry Christmas!

[T1systems]

I also update charts @ facebook from time to time. Please find the link at SmartTrades

[PianoFlight1159]

@T1systems Thank you for the advice. Those guidelines are very helpful.