tag:blogger.com,1999:blog-4878316162397365683.post8892938463936612283..comments2023-11-06T06:01:49.605-05:00Comments on Principle Analysis: an Elliott Wave Blog for Forex Signals, Futures Signals and Stock Signals: 1101 Broken in the S&P; I'm Waiting to re-Short on WeaknessUnknownnoreply@blogger.comBlogger6125tag:blogger.com,1999:blog-4878316162397365683.post-9119722706641837062009-11-12T11:31:25.153-05:002009-11-12T11:31:25.153-05:00Hi Rached,
You can rely on both. It depends on y...Hi Rached,<br /><br />You can rely on both. It depends on your trading style and reasoning. I follow the DJ Transports because it's tied to a well known Dow Theory signal, i.e. if the DJ Industrials make a new high in an uptrend, and the DJ Transports do not, then it generates a sell signal. Plus, I believe most traders follow the DJ Transports anyway. So it becomes a bit of a self-fulfilling prophecy.<br /><br />Talk to you later Rached,<br />ToddToddhttps://www.blogger.com/profile/13808483934573587351noreply@blogger.comtag:blogger.com,1999:blog-4878316162397365683.post-87873775444833135932009-11-12T11:27:13.766-05:002009-11-12T11:27:13.766-05:00Hi Gustavo,
Thanks for the well wishes. Feeling ...Hi Gustavo,<br /><br />Thanks for the well wishes. Feeling a lot better today. As I'm sure you know, catching tops are very difficult, and normally I wouldn't even try, but this upcoming wave 3 or C decline is going to be so fast that it might be difficult to get an entry point if you wait for confirmation.<br /><br />The dollar really does seem key to holding up the stock market, so I agree with you in watching the dollar currency pairs for signs that the stock market topped.<br /><br />So now we play the wait-and-see game and watch what unfolds in the coming days/weeks. One thing I do know is that Mr. Market will do everything it can to make it as hard as possible for the bears to catch the wave 3 or C.<br /><br />Regards,<br />ToddToddhttps://www.blogger.com/profile/13808483934573587351noreply@blogger.comtag:blogger.com,1999:blog-4878316162397365683.post-39831020068986386922009-11-12T02:16:54.121-05:002009-11-12T02:16:54.121-05:00Hi, this is Rached.
The S&P Transportation in...Hi, this is Rached.<br /><br />The S&P Transportation industry group has made new high, the Dow transpo not!!! so, rely on which one. <br /><br />and thanks for your post.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4878316162397365683.post-19792712512322561442009-11-11T23:47:59.467-05:002009-11-11T23:47:59.467-05:00Hello Todd:
I wish what you feel good very soon.
...Hello Todd:<br /><br />I wish what you feel good very soon.<br />If I only was trading strict rules and what I can see in my charts, until now I could be in cash and waiting for an entry, but because I was hoping about one turning point in every one of the last days I tried to catch the top and fail with this.<br />My mistake and a new lesson I receive from Mr. Market.<br />The decision to entry was only my and I cannot blame to others with this.<br /><br />What I see now is the aussie making new highs and still not breaking your trendline up, and the EUR/USD or USD/CHF the same, and not one of this pairs have lower lows until now.<br />Then I wanted anticipate the turning point and I not get it.<br /><br />Sorry for my English:-)<br /><br />RegardsGustavonoreply@blogger.comtag:blogger.com,1999:blog-4878316162397365683.post-7414754898029049992009-11-11T20:57:41.236-05:002009-11-11T20:57:41.236-05:00Hey Adan,
I'm surprised not more people are ...Hey Adan, <br /><br />I'm surprised not more people are talking about the divergences between the Dow and other indices and sectors right now, and the very low volumes on the past two rallies. At least EWI has taken note of it. That's amazing that 70% of the stocks in an index didn't make a new high, yet the index did in fact make a new high, and then some. <br /><br />Oh well, the market will do what it wants to do as long as it wants to. Right now I think it's best to stand aside and wait for weakness before trying to call another top. I'm still holding my options positions though. I assume you're doing the same.<br /><br />Regards,<br />ToddToddhttps://www.blogger.com/profile/13808483934573587351noreply@blogger.comtag:blogger.com,1999:blog-4878316162397365683.post-28078049217989068912009-11-11T20:44:50.150-05:002009-11-11T20:44:50.150-05:00nothing bad about being wrong, especially when con...nothing bad about being wrong, especially when conscientiously so, and more especially when monies-forces greater than many of us combined, have repeatedly come in to "save" the markets -<br /><br />i say, hey, what about us ;-)<br /><br />as an extra note, adding to your observation about how the dow 30, with, by definition, few components, was so easily driven to try and lead an entire market, is this important tidbet from ew's stu today (free today? not sure...) : <br /><br />"Fully 70 percent of the Dow 30 components have yet to accompany the index to a new recovery high above the October 21 extreme. So less than 1/3 of the Dow’s stocks have dragged the index to new bear-market rally highs...."<br /><br />so what to do other than what you yourself chose, let the market come around to something recognizable by a real person ;-)adanhttps://www.blogger.com/profile/00710750989853277203noreply@blogger.com