Nov 30, 2017

Update

Bigger impulse, this is the top of wave 3.
Interesting Emerging markets do not follow, European markets do not follow, tech stock do not follow, VIX with a spike higher....
Posted by at

14 comments:

  1. AnonymousNov 30, 2017, 9:53:00 PM

    Krasi, the líne ii-iv is not correct. That line is above the wave iii

    ReplyDelete
    Replies
    1. KrasiNov 30, 2017, 10:07:00 PM

      Which line do you mean? The yellow lines?

      Delete
    2. AnonymousNov 30, 2017, 10:17:00 PM

      No. If you draw line ii-iv, that line is above wave iii and that is not right. Sorry for my bad english

      Delete
    3. KrasiNov 30, 2017, 10:26:00 PM

      No clue what you mean..... I do no see the labels breaking any EW rules and I do not know EW rules about lines connecting labels

      Delete
    4. AnonymousNov 30, 2017, 10:46:00 PM

      I mean this: https://www.fairbinaryoptions.com/academy/elliott-waves-trading-the-2-4-trend-line-break/

      Delete
    5. KrasiDec 1, 2017, 5:41:00 AM

      Again there is no such EW rule and praxis is different than the theory. If you try to comply to all possible rules especially on such low degree of waves you are doomed to fail.

      Delete
  2. John DoeDec 1, 2017, 4:46:00 AM

    Very bold Krasi! I'm surprised you took the chance to call the end of a wave 3 of such small degree with such conviction given what you said about only trading intermediate term...I am surprised because you are very accurate on these calls and don't trade them :) well done though and I very much appreciate these mid-week calls, one day would love to know what the trigger was that gives you this much conviction :) As for the 'Anonymous' comment, I believe I know exactly what he/she is referring to: overlapping waves - but if your wave count is correct, I recommend he/she draw an extended trend line on the 60min chart from 11/15 at 15:30 (ii) touching 11/27 at 15:30..it allows for a (iv) around 2620 tomorrow and 2680's wave v next week.

    ReplyDelete
    Replies
    1. KrasiDec 1, 2017, 6:00:00 AM

      Now the pattern looks much more clear compared to a few days ago. My short term calls are not so accurate:) and I do not have the time to chase them that is why I do not trade them.

      Delete
  3. John DoeDec 1, 2017, 9:06:00 AM

    Your intraday call yesterday was great timing?!?! I guess we'll see what happens Friday...but personally I can't wait for this tax plan to be finally enacted, I think that will be the final straw/catalyst where the market plunges...the longer it's delayed the higher the market goes.

    ReplyDelete
    Replies
    1. KrasiDec 1, 2017, 11:56:00 AM

      There is always the option that I am wrong.... and this is the top:)

      Delete
  4. AnonymousDec 1, 2017, 7:01:00 PM

    Is wave 4 is quick one or complex and takes longer time? It looks like SPX is still strong, especially QQQ should be short term bottoming? But XBI looks like another down wave is still there... Is it possible for XBI down while SPX up for wave 5. Thanks.

    ReplyDelete
    Replies
    1. KrasiDec 1, 2017, 7:30:00 PM

      It should be over if you mean wave 4 from the chart above.
      Yes it is possible XBI made a top 2 months ago. This final wave for SPX should last a few days so it is not a problem for XBI to make a short pause and wait for the major indexes.

      Delete
    2. AnonymousDec 1, 2017, 9:06:00 PM

      I see. But it should test the low again? either small wave 2 or wave 5? Because the rebound is too strong and looks weird...

      Delete
    3. KrasiDec 2, 2017, 10:14:00 AM

      SPX should not test the low it should be higher to finish the advance from mid November.

      Delete

Subscribe to: Post Comments (Atom)