tag:blogger.com,1999:blog-12333088.post3544642587057080097..comments2023-11-10T05:07:19.026-05:00Comments on Carl Futia: Guesstimates on February 3, 2010Carl Futiahttp://www.blogger.com/profile/01624989905417650273noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-12333088.post-40645386383897989362010-02-03T12:53:09.608-05:002010-02-03T12:53:09.608-05:00The Elliott Wave counts are nice, but I rarely see...The Elliott Wave counts are nice, but I rarely see conclusive ones prospectively.<br /><br />Usually, it's "...wave x has ended due to today's action." Well, that's helpful after I have lost 20% of my gains to know that the wave has finally ended.<br /><br />As I have said before, nice to see retrospectively and say "yeah, I see that count now."Unknownhttps://www.blogger.com/profile/17447886476350990593noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-33639024815045694862010-02-03T12:15:45.422-05:002010-02-03T12:15:45.422-05:00A plethora of Elliott wave counts on the internet ...A plethora of Elliott wave counts on the internet reminds of a joke about a Papa Bear, Mama Bear and a Baby Bear.<br /><br />As the Bear family crossed a fence, the Baby Bear said, “We all four have crossed the fence?”. <br /><br />Was the Mama Bear pregnant?<br /><br />No, the Baby Bear did not know how to count!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12333088.post-36687938763796063422010-02-03T11:58:49.324-05:002010-02-03T11:58:49.324-05:00I'll ask again: Carl, where do you see the mo...I'll ask again: Carl, where do you see the money coming from for the market to rise to 1200?<br /><br />I don't see it anywhere, but maybe I missed some.Dave Narbyhttps://www.blogger.com/profile/10773693145577366704noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-81736305210156162342010-02-03T11:50:51.497-05:002010-02-03T11:50:51.497-05:00jeff, the problem with Elliott wave counts is that...jeff, the problem with Elliott wave counts is that our brains go faster then the market, so we may be counting faster than the market can comply?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12333088.post-28793218107975180942010-02-03T11:44:27.073-05:002010-02-03T11:44:27.073-05:00jeff, do you play wave Bs? They are called "t...jeff, do you play wave Bs? They are called "terrible Bs" for a good reason. But when wave B down is complete, I 'd definitely like to play the wave C up.<br /><br />As per Carl, your wave C up may even be a powerful motive wave up. It will depend on how deep down the "wave B" goes.<br /><br />In fact, I am open to the possibility that even the first impulsive wave down from the high may not be over yet. We need to be thinking as many "what ifs" as possible.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12333088.post-3778306966007296972010-02-03T11:38:10.571-05:002010-02-03T11:38:10.571-05:00jeff, I am not sure A is over yet. It may have mor...jeff, I am not sure A is over yet. It may have more up to go. Do you consider time as a factor in determining whether or not a wave is complete?<br /><br />But today does have a bearish bias, based on market internals.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12333088.post-27247213726798621002010-02-03T11:13:47.582-05:002010-02-03T11:13:47.582-05:00Thanks for adding PM. Where is your sell signal? ...Thanks for adding PM. Where is your sell signal? 1087? I think jobs report on friday could mix things up.Moby Pixelhttps://www.blogger.com/profile/10940148317014870720noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-79319902057749050352010-02-03T10:44:20.116-05:002010-02-03T10:44:20.116-05:00Wave B down has begun
this should terminate in th...Wave B down has begun<br /><br />this should terminate in the 1083-1090 area in the day or so<br /><br />after that, Wave C will take us into the 1113-1120 by around tuesday next week <br /><br />After that, we either climb hard or fall hard<br /><br />only the pretenteders are 100% sure<br /><br />the key is to stay committed to your approach and define your risk if proved wrongUnknownhttps://www.blogger.com/profile/04586265457583579477noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-71818078151008431952010-02-03T09:15:13.735-05:002010-02-03T09:15:13.735-05:00Good Morning Carl,
A close today above 1104.00 wi...Good Morning Carl,<br /><br />A close today above 1104.00 will give me a confirmed buy signal.<br /><br />Thanks.<br /><br />Kindest regards,<br /><br />PMPMhttps://www.blogger.com/profile/00075052726630126469noreply@blogger.com