X-Account-Key: account3 X-UIDL: 1225401894.017 X-Mozilla-Status: 0011 X-Mozilla-Status2: 00000000 X-Mozilla-Keys: Received: from n20a.bullet.sp1.yahoo.com by genie.lightpatch.com id aa22029; 30 Oct 2008 9:51 PST Comment: DomainKeys? See http://antispam.yahoo.com/domainkeys DomainKey-Signature: a=rsa-sha1; q=dns; c=nofws; s=lima; d=yahoogroups.com; b=KhRVJcbCU502M8uWNM81OQOl9z2YOgNfzkDPHdVf+H/WCJJdxmrcmKfVuvo1D76E0+R4d/YkmNzu2WMIAWgt5SvSGZV3A+1OVjPpM3TWFzw871uM7whdafSQ1CabWosW; Received: from [69.147.65.148] by n20.bullet.sp1.yahoo.com with NNFMP; 30 Oct 2008 17:51:00 -0000 Received: from [209.73.164.86] by t11.bullet.mail.sp1.yahoo.com with NNFMP; 30 Oct 2008 17:51:00 -0000 Received: from [69.147.65.147] by t8.bullet.scd.yahoo.com with NNFMP; 30 Oct 2008 17:51:00 -0000 Received: from [209.73.164.83] by t10.bullet.mail.sp1.yahoo.com with NNFMP; 30 Oct 2008 17:51:00 -0000 Received: from [69.147.65.148] by t7.bullet.scd.yahoo.com with NNFMP; 30 Oct 2008 17:51:00 -0000 Received: from [66.218.69.1] by t11.bullet.mail.sp1.yahoo.com with NNFMP; 30 Oct 2008 17:51:00 -0000 Received: from [69.147.65.174] by t1.bullet.scd.yahoo.com with NNFMP; 30 Oct 2008 17:51:00 -0000 Received: from [66.218.67.99] by t12.bullet.mail.sp1.yahoo.com with NNFMP; 30 Oct 2008 17:51:00 -0000 X-Yahoo-Newman-Id: 12111071-m86726 X-Sender: gmorlan@tampabay.rr.com X-Apparently-To: MetaTrader_Experts_and_Indicators@yahoogroups.com X-Received: (qmail 99490 invoked from network); 30 Oct 2008 17:50:55 -0000 X-Received: from unknown (66.218.67.96) by m51.grp.scd.yahoo.com with QMQP; 30 Oct 2008 17:50:55 -0000 X-Received: from unknown (HELO hrndva-omtalb.mail.rr.com) (71.74.56.125) by mta17.grp.scd.yahoo.com with SMTP; 30 Oct 2008 17:50:55 -0000 X-Received: from nunswen0cecy73 ([72.184.17.31]) by hrndva-omta04.mail.rr.com with ESMTP id <20081030175053.YAYY20152.hrndva-omta04.mail.rr.com@nunswen0cecy73> for ; Thu, 30 Oct 2008 17:50:53 +0000 To: References: <000001c939f0$76096030$621c2090$@rr.com> <05D396DAB16E924384091182F16B4EA011B1164D@exchange2.hss.co.uk> In-Reply-To: <05D396DAB16E924384091182F16B4EA011B1164D@exchange2.hss.co.uk> Message-ID: <003201c93ab8$0eb20130$2c160390$@rr.com> X-Mailer: Microsoft Office Outlook 12.0 Thread-Index: Ack58HVpb3coXV5+QyutkMcuZPpksgAuhW+AAAM30lA= Content-Language: en-us X-Originating-IP: 71.74.56.125 X-eGroups-Msg-Info: 1:12:0:0:0 From: Loren Morlan X-Yahoo-Profile: lorenmorlan Sender: MetaTrader_Experts_and_Indicators@yahoogroups.com MIME-Version: 1.0 Mailing-List: list MetaTrader_Experts_and_Indicators@yahoogroups.com; contact MetaTrader_Experts_and_Indicators-owner@yahoogroups.com Delivered-To: mailing list MetaTrader_Experts_and_Indicators@yahoogroups.com List-Id: Precedence: bulk List-Unsubscribe: Date: Thu, 30 Oct 2008 13:50:54 -0400 Subject: RE: [MT_E and I] GBP/USD, 10/29/08, MONTHLY Elliott Wave count Reply-To: MetaTrader_Experts_and_Indicators@yahoogroups.com X-Yahoo-Newman-Property: groups-email-ff-m Content-Type: multipart/alternative; boundary="----=_NextPart_000_0033_01C93A96.87A06130" X-Antivirus: AVG for E-mail 8.0.175 [270.8.5/1756] ------=_NextPart_000_0033_01C93A96.87A06130 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit "Elliott Wave Principle", 20th Anniversary Edition May 1998, last reprint June, 2005. Loren From: MetaTrader_Experts_and_Indicators@yahoogroups.com [mailto:MetaTrader_Experts_and_Indicators@yahoogroups.com] On Behalf Of James Withers Sent: Thursday, October 30, 2008 12:15 PM To: MetaTrader_Experts_and_Indicators@yahoogroups.com Subject: RE: [MT_E and I] GBP/USD, 10/29/08, MONTHLY Elliott Wave count Loren, Which book by Prechter do you refer to? Thanks James _____ From: MetaTrader_Experts_and_Indicators@yahoogroups.com [mailto:MetaTrader_Experts_and_Indicators@yahoogroups.com] On Behalf Of Loren Morlan Sent: 29 October 2008 18:02 To: Al Snyder Subject: [MT_E and I] GBP/USD, 10/29/08, MONTHLY Elliott Wave count Hello Al, I attach the above monthly chart. Our EW count are different in part. Price high in 1980 introduced a combination double zigzag correction to the low, point C in early 1985. Since that time price has been in an uptrend. >From point C low our count agrees with respect to wave 1 and 2. It is my opinion that wave 3 was extended and occurred in late 1991. Wave 3 is the most commonly extended wave and often occurs. Wave 3 was not the shortest wave. Wave 4 was a flat correction marked A, B and C, wave 4 low occurred in 2001. Wave 5 began in 2001, and also traced an extended wave 3. Each of the 5 sub waves are circled in red.. The longer term wave 5 occurred in Oct., 2007. Subsequently a zigzag correction was traced with a low testing Fib. 78.6 which was based on a low at point 4. Longer term Fib. study based on C low in 1985 shows a retracement below 50. The low of corrective wave C has not yet been clearly established. Price has tested 78.6 from which we have higher price suggesting this level may be at or near support. Your chart marks A where my chart marks extended wave 3, Your point B coincides with my chart point wave 4 low. Your point C coincides with my chart wave 5 high. You suggest a triangle correction based on those marks. I do not agree. As noted on pg. 49 of Prechter's book there are only two varieties of triangles, contracting and expanding. Figure I-42 on that page depicts the various types. The only example of a chart pattern where C high is higher than A is shown in the lower right corner which only occurs in a down trend. Price has been in an uptrend since 1985. Elliott describes this pattern as "reverse symmetrical" expanding triangle which is rare. The pattern is further described as top rising bottom declining which does not comply with the chart pattern at issue. Loren This message, and any associated files, are intended only for the use of the message recipient and may contain information that is confidential, subject to copyright or constitute a trade secret. If you are not the message recipient you are hereby notified that any dissemination, copying or distribution of this message, or files associated with this message, is strictly prohibited. If you have received this message in error, please notify the sender immediately by replying to the message and then deleting it from your computer. HSS Hire Service Group Limited may monitor email traffic data and also the content of email for the purposes of security and staff training. Any views or opinions presented are solely those of jwithers@hss.com and do not necessarily represent those of the company. HSS Hire Service Group is a limited company registered in England and Wales. Registered number: 644490. Registered office: 25 Willow Lane, Mitcham, Surrey, CR4 4TS, United Kingdom. ------=_NextPart_000_0033_01C93A96.87A06130 Content-Type: text/html; charset=US-ASCII Content-Transfer-Encoding: 7bit

“Elliott Wave Principle”, 20th Anniversary Edition May 1998, last reprint June, 2005.

 

Loren

 

From: MetaTrader_Experts_and_Indicators@yahoogroups.com [mailto:MetaTrader_Experts_and_Indicators@yahoogroups.com] On Behalf Of James Withers
Sent: Thursday, October 30, 2008 12:15 PM
To: MetaTrader_Experts_and_Indicators@yahoogroups.com
Subject: RE: [MT_E and I] GBP/USD, 10/29/08, MONTHLY Elliott Wave count

 

Loren,

 

Which book by Prechter do you refer to?


Thanks

 

James

 


From: MetaTrader_Experts_and_Indicators@yahoogroups.com [mailto:MetaTrader_Experts_and_Indicators@yahoogroups.com] On Behalf Of Loren Morlan
Sent: 29 October 2008 18:02
To: Al Snyder
Subject: [MT_E and I] GBP/USD, 10/29/08, MONTHLY Elliott Wave count

Hello Al,

I attach the above monthly chart.  Our EW count are different in part.

Price high in 1980 introduced a combination double zigzag correction to the low, point C in early 1985.  Since that time price has been in an uptrend.

From point C low our count agrees with respect to wave 1 and 2.  It is my opinion that wave 3 was extended and occurred in late 1991.  Wave 3 is the most commonly extended wave and often occurs.  Wave 3 was not the shortest wave.  Wave 4 was a flat correction marked A, B and C, wave 4 low occurred in 2001.  Wave 5 began in 2001, and also traced an extended wave 3.  Each of the 5 sub waves are circled in red..  The longer term wave 5 occurred in Oct., 2007.  Subsequently a zigzag correction was traced with a low testing Fib. 78.6 which was based on a low at point 4.  Longer term Fib. study based on C low in 1985 shows a retracement below 50. 

The low of corrective wave C has not yet been clearly established.  Price has tested 78.6 from which we have higher price suggesting this level may be at or near support. 

Your chart marks A where my chart marks extended wave 3,  Your point B coincides with my chart point wave 4 low.  Your point C coincides with my chart wave 5 high.  You suggest a triangle correction based on those marks.  I do not agree.

As noted on pg. 49 of Prechter’s book there are only two varieties of triangles, contracting and expanding.  Figure I-42 on that page depicts the various types.  The only example of a chart pattern where C high is higher than A is shown in the lower right corner which only occurs in a down trend.  Price has been in an uptrend since 1985.  Elliott describes this pattern as “reverse symmetrical” expanding triangle which is rare.  The pattern is further described as top rising bottom declining which does not comply with the chart pattern at issue. 

Loren

 
This message, and any associated files, are intended only for the use of the message recipient and may contain information that is confidential, subject to copyright or constitute a trade secret. If you are not the message recipient you are hereby notified that any dissemination, copying or distribution of this message, or files associated with this message, is strictly prohibited. If you have received this message in error, please notify the sender immediately by replying to the message and then deleting it from your computer. HSS Hire Service Group Limited may monitor email traffic data and also the content of email for the purposes of security and staff training. Any views or opinions presented are solely those of jwithers@hss.com and do not necessarily represent those of the company.
 
HSS Hire Service Group is a limited company registered in England and Wales. Registered number: 644490.
Registered office: 25 Willow Lane, Mitcham, Surrey, CR4 4TS, United Kingdom.

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