SP Wave Count - 2010-09

snowrider · Aug 28, 2010

I am starting a new thread for September 2010. My wave counts in last month can be found from:
http://www.trade2win.com/boards/us-indices/99824-sp-wave-count-2010-08-a.html

For past long term view, please see:
http://www.trade2win.com/boards/us-indices/99196-sp-wave-count.html

Elliott Wave reference can be found from:
http://en.wikipedia.org/wiki/Elliott_wave_principle
My labeling for wave degrees in different time frames:
Monthly – [[]], [[[II]]], [[[III]]], [[[IV]]], [[[V]]], [[[A]]], [[]], [[[C]]]
Monthly – [], [[II]], [[III]], [[IV]], [[V]], [[A]], [], [[C]]
Weekly – , [II], [III], [IV], [V], [A], , [C]
Weekly – I, II, III, IV, V, A, B, C
Daily – 1, 2, 3, 4, 5, a, b, c
Daily – _1, _2, _3, _4, _5, _a, _b, _c
Hourly – __1, __2, __3, __4, __5, __a, __b, __c

Here comes the week chart first. I'll post the daily chart later.

snowrider · Aug 29, 2010

Daily

Comments are welcome!

slight · Aug 29, 2010

Re: Daily

As said before, I agree with your count snowrider. Looking deeper into this, the 4h chart shows 5 waves are over, so we'll see how much correcting there will be at the beginning of the new trading week. I think it could come more before it might return to going down.

snowrider said:
Comments are welcome!

snowrider · Sep 4, 2010

About SP, I knew that my preferred count was wrong in the very beginning (Sunday's midnight) of this week (08/30-09/03). I knew that this beast was going to take my last week's alternative count. Monday or Tuesday's MOC was an excellent opportunity to do all-in on the long side with minimal risk.

What's next, a bullish wave-c of bigger wave-B is in progress. Stay tuned, I'll update the chart tomorrow.

snowrider · Sep 4, 2010

09/04/2010

Comments are welcome!

N Rothschild · Sep 4, 2010

so what your saying is, the market could rise, or fall? Jees should be rich in no time!

snowrider · Sep 5, 2010

N Rothschild said:
so what your saying is, the market could rise, or fall? Jees should be rich in no time!

Thanks for sharing your opinion. It's true that the market could go up or down. And a good trader needs to prepare for any possible scenario at moment. It's still hard to get "rich in no time" though because incorrect judgements take bites on the account balance.

snowrider · Sep 11, 2010

09/11/2010

Comments are welcome!

slight · Sep 17, 2010

Re: 09/11/2010

Your preferred count works good. Can't wait to see how it will end ... I think since this guy is losing momentum more and more and there is barely any steam upwards anymore, there will be a correction pretty soon before reaching 1180 as indicated in your chart (dunno if that is a prediction or if you are just looking for the direction instead of the the exact price)

snowrider said:
Comments are welcome!

snowrider · Sep 18, 2010

Re: 09/11/2010

slight said:
Your preferred count works good. Can't wait to see how it will end ... I think since this guy is losing momentum more and more and there is barely any steam upwards anymore, there will be a correction pretty soon before reaching 1180 as indicated in your chart (dunno if that is a prediction or if you are just looking for the direction instead of the the exact price)

Yes, I agree that SP seems losing upside momentum. The 1180 are was the future target from my last week's count. I change that future target for this week's wave count. Please see my next post.

snowrider · Sep 18, 2010

09/18/2010

Comments are welcome!

snowrider · Sep 25, 2010

This thread is closed. I am starting a new thread with a powerful name "Perfect Wave".
If you are following my wave count, please see:
http://www.trade2win.com/boards/us-indices/104386-perfect-wave-sp-2010-10-a.html

SP Wave Count - 2010-09

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