new member introduction
hello,trading community....my name is lawrence murray, of san diego...i'm 67, a former business litigation trial lawyer who has self trained (while trading daily all the time) for the last 8 years or so to become a proficient trader...in the last year or so i have began to think of myself as a reasonably skillful trader after having gone down many false paths...i decided about 6 years ago that i would trade only the qqqq (and its derivative etfs), and for the past 3 years or so i have experimented and attempted to become expert in elliott wave analysis, and have decided that it is far superior to any other analyticial system for trading of all time frames, from daytrading to medium term holding...
while i am a member of prechter's elliott wave analysis site, and receive the short term reports and the financial forecast, i have gained enough confidence over the years to now make my own independent elliott wave analysis, which frequently differ from the prechter site postings, and this difference in ew analysis is a primary reason which led me to do a google search to find this t2w site, because i wanted to find and establish a commentary with experienced trader who also use ew analysis, as the precther site make no provision for communication among its members...
the other primary reason is that i would like over time to establish a public record of my analysis to build a track record in the event that i am, in fact, becoming proficient...
my current analysis as of the close of friday, 12/5/08, is that the qqqq, ndx, and spx are in the midst of a 4th wave, and specifically that this wave is the beginning of wave c (circle) of minor wave A of intermediate wave 4, this c (circle) wave ending around qqqq $31.26 ...(all notation as per Elliott Wave Principle, Frost and Prechter)...
hope this commentary is of interest to at least a few experienced elliott wave practitioners...
regards, larry