A big thank you to 1n1792, matrix6050, duitKWSPkita, n all, Together we can have true meaning of synergy. We'll have meaning prosperity in A team, A DREAM TEAM, many dream of ...
purebull .. thanks so much for sharing ! shall remember these points .. if TIGRESS enuf to play with the 'specialists' then (1) track using hr / 30min charts (2) hr macd to stay above 0 axis (3) pennies will not have 3rd wave up ... they can manipulate the vol / candles / breakout pattern to show a bullish landscape but i think it's kinda hard for them to play with the waves ... most counters played by 'specialists' do not have clear elliott waves counts on daily 5-yr chart yes ???? purebull may i clarify your 3rd wave up ??? in the case of takaso there are 3 upleg waves on the hourly chart before the waterfall / falling knife ??? appreciate greatly if u cud elaborate more on the 3rd wave up ... many many thanks http://chrissyconn.blogspot.com/
Purebull Learnt a lot from your sharing. I scan using Chartnexus daily charts. Purebull, do you track the hourly/30min chart manually or you have a scanner for that?
Dear DREAM TEAM Members, Never feel so hot with your kind support. Certainly very helpful, if any of u or all can provide inputs to the stocks I shouted. U know them, right. I could sleep on the wheel at most of the p.m. session.
connie : Dr Elliott was an accountant who spent all his life analyzing lots of charts to understand human financial behaviour to price trend. He wasn't financially successful but his Wave Theory is. He said, in an efficient mkt, there r 5 up waves, 12345 n 3 down waves, ABC. In our context, I find these waves r applicable to the week charts. Stocks r played up by human n will behave like human too. Syndicate stocks will never yield 3rd up wave, a good ex is Seal's mad run last year. All the 5 waves r done in 1 gigantic wave n crashed all the way down, lower than it started.
These waves r pretty similar to the way, we n our children go thru our education career. 1st up wave is scaling up to Std 6. 2nd wave is preparing for exam at Std 5-6. 3rd wave is passed Std 6 with flying colours n flies to the new blue sky till it reaches pre-U. It is unlikely to make big money in wave 1 bcos u never know where is Std 6, but never miss WAVE 3. U get it. I mean read n re-read ... Always wait at Std 6 for real big money ........
1n1792 : I can scan using eod data on Metastock(MS) Program only. I use JSSB realtime charts for hr, 30 min. For the last 6 years, I paid rm $188 per year to my data provider, William. His data is pretty clean n reliable. Whoever wants a fast MS system, go n contact William at http://stock288.com/ He allows download to 2 computers, so cleverly cost it out with friends for a start.
purebull .. thanks for the explanation !!!! i guess syndicate counters do have 135 but without the 24 .. therefore we see ONE tsunamish wave at seal :):)
connie......I tot all cindy's cat got T+4 timing factor inside. Yup, I do see some counters packed cantik cantik with 135 and some long 1 from the 135............ usually the so called 24 remain in. or else difficult for them to earn more (with cheaper price)..
anyway,,,if 12345 all comply........ we should not name it as syndicate counter..... we should name it as wave counter.......
discussion only........ no mean to challenge...sorry for uneasy coaused
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
matrix6050
1,265 posts
Posted by matrix6050 > 2015-02-08 11:42 | Report Abuse
I think I know who you are referring to. Sadly to see that one of the stock that he highly promoted is badly hit last year.