Tesla Motors - TSLA - Daily - Time at a Price - Sell Signal Fail

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Perhaps a blog of exact trade signals would be more helpful than the current system - but here is an update.

The last 7-day buy signal that set-up failed by a lower mode of 7-days getting created and then a full day under that mode triggered a new 7-day downtrend. The very next day, TSLA             jumped (yesterday) and broke the 7-day mode and now the market will likely trade between these two 7-day modes for the next few months.

Lowest risk entry is against the 7-day mode and the best place to exit is up at the 7-day mode at 280.

Use your best judgment - Tesla             plans to announce something on October 9th, creating a whirlwind of uncertainty in the shares of TSLA             .


9:56AM EST 254.77 last +3.35 last
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Hi Tim,

I am not an elliott wave expert (Learning now). I didn't break any rules here, Let me know what you think about this count.

Thank you
Hi Tim,

I am not an elliott wave expert (Learning now). I didn't break any rules here, Let me know what you think about this count.

Thank you
Amidst the possible change of trend in the stock market, you do think it is a good bet? I've seen a lot pointed a good buy only at 220 or less
There's a lot of choppy action so far - to be expected after a nice slide in so many markets. Currencies had a strong directional move, equity markets have had some directional declines (EEM, Brazil, IWM) and to go down further requires a LOT of bounces along the way to keep people hoping that prices will recover. Some short term sentiment readings reached extremes very quickly in the decline, but I don't know for sure. I just think a relief rally (like today) is what the market needs to go down next week. TSLA is a long against a short in IWM. I lifted my IWM short yesterday just over 107 and looking to put it back on here today between now and the close.
2use timwest
it cant go up all the time , and not down all the time as well. But i agree with you on EEM (i pulled out of Brazil in the nic of time, almost at the top...thinking japan is to follow and Europe had a nasty -2-3% yesterday). usually one side pulls the other back...but now it seems money will be pulled out of all the markets - nothing bullish about that.
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