New trend confirmed by Elliott Wave

This is a discussion on New trend confirmed by Elliott Wave within the Technical Analysis forums, part of the Methods category; Running Flat 3-3-5 had ended. 1. wave 4 never overlapped territory of wave 1, today's action concluded this 4days rally ...

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Old Jul 1, 2011, 5:32am   #1
Joined Jun 2011
New trend confirmed by Elliott Wave

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Running Flat 3-3-5 had ended.
1. wave 4 never overlapped territory of wave 1, today's action concluded this 4days rally isn't wave 4 but a new wave.
2. truncation, failure wave 5 that reaches behind the end of wave 3, occurres after strong wave 3. Shape declines early this month could be considered as a "strong wave 3".
plz make comment
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Old Jul 1, 2011, 6:13am   #2
 
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Re: New trend confirmed by Elliott Wave

This all has a look of a leading diagonal to me. It won't take much time to tell.
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Old Jul 1, 2011, 7:10am   #3
Joined Jun 2011
Re: New trend confirmed by Elliott Wave

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Originally Posted by JahDave View Post
This all has a look of a leading diagonal to me. It won't take much time to tell.
good view, thats possible too, but one thing is that, according to statistics, July's return has a positive bias in the past 60years on both monthly and weekly basis. i will have a post about this soon. (still working)
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