tag:blogger.com,1999:blog-4878316162397365683.post3541399485505064393..comments2023-11-06T06:01:49.605-05:00Comments on Principle Analysis: an Elliott Wave Blog for Forex Signals, Futures Signals and Stock Signals: A Top Looks Good Right HereUnknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4878316162397365683.post-32601757368404456922010-10-02T00:43:55.342-04:002010-10-02T00:43:55.342-04:00Today is an inside day. It is too bad that there i...Today is an inside day. It is too bad that there is no follow through today for the pop-gun pattern. As you pointed out, it is a 5 wave impulse down from Thur's high and the price pattern since the 5 wave down has been choppy, (corrective). I agree with you that DJIA need to go down soon (Monday?) but price action does not seem to want to go lower.Plau678noreply@blogger.comtag:blogger.com,1999:blog-4878316162397365683.post-55829400962270943302010-10-01T11:38:38.260-04:002010-10-01T11:38:38.260-04:00Yes indeed, nice catch. It's especially clear...Yes indeed, nice catch. It's especially clear in the Nasdaq 100 daily. But the examples in the booklet don's show complete reversals, and the Sirius example shows it kicking off a wave 3, just like we might be entering now. And I would think it likely that the "significant retrace" could be Micro wave ((2)). Don't you think?<br /><br />Thanks for pointing this outPrincipleAnalysis_Blogspot_Comhttp://principleanalysis.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-4878316162397365683.post-1117362551753665862010-10-01T01:35:30.827-04:002010-10-01T01:35:30.827-04:00"How To Use Bar Patterns To Spot Trade Set-up..."How To Use Bar Patterns To Spot Trade Set-ups" talks about a pop-gun pattern.<br />Today's bar is the outside bar enclosing yesterday's inside bar. If this pattern is correct, a pop to the downside is likely. However, popgun moves are significant retraced once the move ends. If this is correct and IF this is a down move, then when the down move ends, there will be retraced significantlyPlau678noreply@blogger.com