X-Account-Key: account3 X-UIDL: 1197232394.003 X-Mozilla-Status: 0001 X-Mozilla-Status2: 00000000 X-Mozilla-Keys: Received: from n16.bullet.sp1.yahoo.com by genie.lightpatch.com id aa18379; 9 Dec 2007 12:32 PST Comment: DomainKeys? See http://antispam.yahoo.com/domainkeys DomainKey-Signature: a=rsa-sha1; q=dns; c=nofws; s=lima; d=yahoogroups.com; b=aiDCz6Dk9E32m4RK3UbPPyoOoVco50Mpuw4/Jm+Gn0nHfvlu36eebGGgz9Cvkd0pstlNuoZIMT0Z3Se5dzSr2eQnvrmTVz1JboM9N678cxtPV37r/DT+stpfo7aysobc; Received: from [216.252.122.216] by n16.bullet.sp1.yahoo.com with NNFMP; 09 Dec 2007 20:31:22 -0000 Received: from [66.218.69.5] by t1.bullet.sp1.yahoo.com with NNFMP; 09 Dec 2007 20:31:22 -0000 Received: from [66.218.67.103] by t5.bullet.scd.yahoo.com with NNFMP; 09 Dec 2007 20:31:22 -0000 X-Yahoo-Newman-Id: 12111071-m75867 X-Sender: gmorlan@tampabay.rr.com X-Apparently-To: MetaTrader_Experts_and_Indicators@yahoogroups.com X-Received: (qmail 82852 invoked from network); 9 Dec 2007 20:31:18 -0000 X-Received: from unknown (66.218.67.94) by m42.grp.scd.yahoo.com with QMQP; 9 Dec 2007 20:31:18 -0000 X-Received: from unknown (HELO hrndva-omtalb.mail.rr.com) (71.74.56.122) by mta15.grp.scd.yahoo.com with SMTP; 9 Dec 2007 20:31:17 -0000 X-Received: from lorenzy5yllpkh ([72.184.17.31]) by hrndva-omta01.mail.rr.com with ESMTP id <20071209203116.HGXY2457.hrndva-omta01.mail.rr.com@lorenzy5yllpkh>; Sun, 9 Dec 2007 20:31:16 +0000 To: 'Al Snyder' References: <00e201c83a8e$a497fbd0$edc7f370$@rr.com> In-Reply-To: Message-ID: <010b01c83aa2$52952c40$f7bf84c0$@rr.com> X-Mailer: Microsoft Office Outlook 12.0 Thread-Index: Acg6lukUhOpM1nTXRtCdp8QKVYDYRAABXVfA Content-Language: en-us X-Originating-IP: 71.74.56.122 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: Sun, 9 Dec 2007 15:30:19 -0500 Subject: [MT_E and I] RE: GBP/USD/ 12/9/07 long term Elliott Wave analysis Reply-To: MetaTrader_Experts_and_Indicators@yahoogroups.com X-Yahoo-Newman-Property: groups-email-ff-m Content-Type: multipart/alternative; boundary="----=_NextPart_000_010C_01C83A78.69BF2440" X-Antivirus: AVG for E-mail 7.5.503 [269.16.17/1179] ------=_NextPart_000_010C_01C83A78.69BF2440 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Al, Yes, we agree on the count. Your question is pertinent regarding future price action. I do not know the answer to your question since EW count and AO are not predictive of future price action in this example. There are no divergences at the recent high like the one described at Wave I high. I speculate that the present Wave III will be an extended Wave and that price will ultimately violate the upper LRC line however that could be many months or years in the future. Typically Wave III high will penetrate above the upper LRC line which has not yet occurred. This is to say the present Wave III has not yet completed its expected high according to LRC analysis. Presently a monthly red AO line and HA red candle has formed at sub wave 5 high suggesting a down corrective cycle of unknown duration and magnitude. We may possible again test highs in this monthly period or not. Use of expanded 1, 5, 10, 30 or 60 minute Elliott Wave analysis will be instructive regarding lower DD trades in those periods. I posted a Cable one minute chart on 12/6/07, which showed a double top and truncated Wave 5 high which is consistence with the monthly red bar and HA candle. The final shape and color of the last HA candle is unknown. Its present shape and color suggests "change" in price action and is therefore a warning of higher risk trades. Best to look elsewhere for a friendly trading environment. Loren From: Al Snyder [mailto:snydersearch@msn.com] Sent: Sunday, December 09, 2007 2:09 PM To: Loren Morlan Subject: Re: GBP/USD/ 12/9/07 long term Elliott Wave analysis Loren My long term count and yours are in agreement. My only question at this moment is on the smaller waves count within the monthly wave 5: Have we indeed reached the wave 5 of wave 5, or are we expecting a final impulse after the current correction... to complete larger wave 5. Al PS-Fibonacci is a beautiful thing ----- Original Message ----- From: Loren Morlan To: snydersearch@msn.com Sent: Sunday, December 09, 2007 1:09 PM Subject: GBP/USD/ 12/9/07 long term Elliott Wave analysis Hello Al, per our conversation I have prepared the attach chart which counts Elliott Waves in this period. The attach monthly Cable chart using LRC lines and AO for Elliott Wave count. A/D is not used on this chart. The chart price low in Feb, 1985 starts the EW count and serves as point of beginning for LRC lines. Wave I shows five sub-waves with an extended 5th wave double top. Wave I does not reach the upper LRC line. Williams' AO counts each sub-wave. Wave 1 impulse, green vertical lines above zero. Wave 2 corrective red lines. Wave 3 impulse shows highest green line value which identifies the high of this wave. Wave 4 corrective red lines below AO zero line and HA candles finding support at the middle LRC line. Wave 5 green lines above zero and lower than Wave 3. Wave 5 is extended and forms a double top with a classic negative divergence in the AO indicator. The three remaining a, b and c corrective waves are marked on the chart. These eight waves constitute the complete eight wave EW count/cycle. Wave A is an impulse corrective wave. B is corrective of Wave A and finds resistance at the middle LRC line. Wave C is an impulse corrective wave and identifies the end of Wave II a corrective cycle. AO traces the A, B C correction cycle with Wave C low forming a classic positive divergence when compared with Wave A low. Importantly Wave II low is Fibonacci 61.8 correction of the previous impulse Wave I. 61.8 is a frequent retracement level of Wave II. Subsequent to Wave II low Wave III has started. AO counts each sub Wave. Wave 3 produces the highest AO value. Wave 4 again finds support at the middle LRC line and AO red lines below zero which suggests its completion. Presently price is in sub Wave 5 and has generated a red AO line and the first red HA candle. Loren ------=_NextPart_000_010C_01C83A78.69BF2440 Content-Type: text/html; charset=US-ASCII Content-Transfer-Encoding: 7bit

Al,

 

Yes,  we agree on the count.  Your question is pertinent regarding future price action.

 

I do not know the answer to your question since EW count and AO are not predictive of future price action in this example.  There are no divergences at the recent high like the one described at Wave I high.

 

I speculate that the present Wave III will be an extended Wave and that price will ultimately violate the upper LRC line however that could be many months or years in the future.   Typically Wave III high will penetrate above the upper LRC line which has not yet occurred.   This is to say the present Wave III has not yet completed its expected high according to LRC analysis. 

 

Presently a monthly red AO line and HA red candle has formed at sub wave 5 high suggesting a down corrective cycle of unknown duration and magnitude.  We may possible again test highs in this monthly period or not.

 

Use of expanded 1, 5, 10, 30 or 60 minute Elliott Wave analysis will be instructive regarding lower DD trades in those periods.

 

I posted a Cable one minute chart on 12/6/07, which showed a double top and truncated  Wave 5 high which is consistence with the monthly red bar and HA candle.  The final shape and color of the last HA candle is unknown.  Its present shape and color suggests “change” in price action and is therefore a warning of higher risk trades.  Best to look elsewhere for a friendly trading environment.

 

Loren

 

From: Al Snyder [mailto:snydersearch@msn.com]
Sent: Sunday, December 09, 2007 2:09 PM
To: Loren Morlan
Subject: Re: GBP/USD/ 12/9/07 long term Elliott Wave analysis

 

Loren

My long term count and yours are in agreement. My only question at this moment is on the smaller waves count within the monthly wave 5: Have we indeed reached the wave 5 of wave 5, or are we expecting a final impulse after the current correction... to complete larger wave 5.

Al

PS-Fibonacci is a beautiful thing

 

 

----- Original Message -----

From: Loren Morlan

Sent: Sunday, December 09, 2007 1:09 PM

Subject: GBP/USD/ 12/9/07 long term Elliott Wave analysis

 

Hello Al, per our conversation I have prepared the attach chart which counts Elliott Waves in this period.

 

The attach monthly Cable chart using LRC lines and AO for Elliott Wave count.  A/D is not used on this chart.

 

The chart price low in Feb, 1985 starts the EW count and serves as point of beginning for LRC lines. 

 

Wave I shows five sub-waves with an extended 5th wave double top.  Wave I does not reach the upper LRC line. 

 

Williams’ AO counts each sub-wave. 

 

Wave 1 impulse, green vertical lines above zero. 

 

Wave 2 corrective red lines.  

 

Wave 3 impulse shows highest green line value which identifies the high of this wave. 

 

Wave 4 corrective red lines below AO zero line and HA candles finding support at the middle LRC line.

 

Wave 5 green lines above zero and lower than Wave 3.  Wave 5 is extended and forms a double top with a classic negative divergence in the AO indicator.

 

The three remaining  a, b and c corrective waves are marked on the chart.  These eight waves constitute the complete eight wave EW count/cycle.

 

Wave A is an impulse corrective wave.  B is corrective of Wave A and finds resistance at the middle LRC line.  Wave C is an impulse corrective wave and identifies the end of Wave II a corrective cycle.  AO traces the A, B C correction cycle with Wave C low forming a classic positive divergence when compared with Wave A low.  Importantly Wave II low is Fibonacci 61.8 correction of the previous impulse Wave I.    61.8 is a frequent retracement level of Wave II.

 

Subsequent to Wave II low Wave III has started. 

 

AO counts each sub Wave.  Wave 3 produces the highest AO value.  Wave 4 again finds support at the middle LRC line and AO red lines below zero which suggests its completion.

 

Presently price is in sub Wave 5 and has generated a red AO line and the first red HA candle. 

 

Loren

 

 

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