hehe
Short

$SPX - SELL THE EXTENSION!

INDEX:SPX   S&P 500 Index
2459 13 26
According to the Elliott Wave Principle, if third of wave, goes beyond channel of the current trend - we have definitive proof of the extension in this wave.
Sometimes - when I am looking for an idea for a play - I think of my master. Ralph always said - sell the extension!
The problem is the range of the third wave.
Maximum easy to determine - from 2120 to 2140. Minimum has long been realized.
Comment: ... in progress.
Trade active: ...
Trade active: ... current situation:

snapshot
....this can be useful for someone:

http://www.elliottwave.com/tutorial/Lesson2/2-2.htm

&

http://thepatternsite.com/EWExtension3.html
+4 Reply
a) Wow thats a stretch indeed
b) Wow thats a low indeed - 1600 is like 20% discount. Crash?
c) Wow - glad to see that you care about the viewers and posted related education material. Top notch !
Reply
hehe 2use
a) ....
snapshot



or

(1225-667)*1.618 = 2128


or


snapshot

+3 Reply
hehe hehe
...sorry:


(1225-667)*1.618 + 1225 = 2128
+2 Reply
hehe 2use
b)....
snapshot
+2 Reply
hehe 2use
c).... Grax! (i.e. Thx!)
+4 Reply
2use hehe
Thanx! :)
Reply
2use 2use
I kept your chart as a reference as it tought me about the extension. So far it is working nicely
Reply
Thanks for commenting that his thoughts are starting to help us much.
A beginner to Elliotista
+1 Reply
Very bullish into Wave 4. Just 1600 intended pullback? :D
Reply
You recommend selling in the pink zone? it is still in extension range
Reply
October may be it
Reply
I continue to observe increased negative divergences between stock prices to rise and indicators that I follow. The sharp rise in recent weeks was parabolic and left several "gaps", days when the indices opened to a value higher than the previous day's closing leaving a space. The parabolic ascents do not end well and this will be no exception. There relevant gaps in the S & P500 in 1905 points, the Dow Jones in 16,401 points and the Nasdaq 100 in 3872. This tells me that the indices will fall substantially in the next relevant decrease for at least these values, then possibly exceed the minimum of 15 October.
The S & P 500 has strong resistance at 2,094 points and the Dow Jones in 18,300 points, the indices can not reach these levels.
The reversal may begin soon, problably in the beginning of January 2015.
+3 Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out