My apologies about posting this rather later than planned. This was recorded yesterday, however I had some connectivity problems so was only able to post it now.
FTSE has since done exactly as predicted, however this will not be featured in the video as it was recorded before trading opened this week.
Please let me know what you think.
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6 comments:
Dear sir
im always impressed with someone who i think labels the market how they see it rather then what they hope for the market will do and then force a wave count .
im leaving you a link of my own thoughts and work which i have spent a long time researching
i hope you find it a blend with your own work
joe
http://www.tradersaffiliates.com/WEEKLY%20UPDATE.htm
Thank you for the kind words Adsense.
Thank you for the link, I will be sure to study it carefully.
I think it is often far too temptin to label as we "feel"... now I am open that I am still very bearish, but I am not very experienced in this business.... so I cannot afford to trade what I feel.
hmmm.... it seems the video remains blurry...hopefully that will clear up.
Please feel free to pop on here now and then and share your thoughts on the markets.
I am trying to build up a small group of traders to regularly get feedback from, simply because I lack the experiece so I think honest commentary from more experienced traders will help me improve.
I use my own web page .
the one labeled above initially to
build a stricked trading method for myself . in posting updates it forces me to my rules and guidelines for bullish or bearish moves. alot of my internal work is all about volume and advance decline line , up down vol ect
to me it is a must when looking for wave count changes . also timing . i posted your link
for people to see.
I just noticed the link, many thanks Adsense, I'm sure it will be helpful for me, I just hope my work proves helpful for others.
Ah, the video has finally cleared up abit more.
Hopefully I will look over this market again on wednesday and perhaps put up one or two others...
but I have abit of a busy week ahead... so will see how things go.
Timing for me may be abit of a weak spot I fear... so I will be sure to follow your updates.
Absolutely a great blog! I am added you to my reader as I type this. I also believe this could be a wave 4 correction. Either way we are due for a major pullback.
I think you might find this link interesting. I disagree with some of his information, but it gives one a VERY big picture view of EWT.
http://www.gold-eagle.com/editorials_08/bouchard103009.html
Anyway, keep up the good work, and I will be stopping by periodically. If you get time check out my blog:
http://absolute-investments.blogspot.com/
Like you, I am also a libertarian, student who started studying technical analysis and fell in love with Elliott Wave and the markets.
Cheers.
P.S.
I think Greece could be leading the world lower. Textbook 5 wave impulse.
http://absolute-investments.blogspot.com/2009/12/greece-preview-of-whats-to-come-shortly.html
Hi Robert,
Thanks for the kind words, I'm glad we have alot in common.
I have to say for the Dow Jones I think it is very much a wave 4 correction with a big decline due...
On the FTSE market however according to my count this wave has overlapped my big wave 1 low, so I am no longer considering it a wave 4...
so a slight conflict of analysis there, but none the less I am still bearish.
I just really hope we had a Ron Paul type politician here in the UK that could spell out all this economic madness for us and channel it through the media...
Libertarianism in the UK is very unknown, but hopefully the UK Libertarian Party (only 2 years old now) might make some progress. :)
Please do feel free come come back here and give me your feedback.
Like I always say in my videos, I am NOT an experienced analyst of and expert by any degree...
so I do learn from honest, critical feedback and it is always welcomed.
Hope all is going well,
Max
PS: I think you may be right about Greece... I would also add Italy (take a look at their Debt to GBP ratio) and my native Ukraine...
I think these three countries are heading for MAJOR currency crisis, undermining european stability and with it the other dominoes...
Just a matter of time in my view.
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