Chariot Share Discussion Threads

[jon827] 08/9/2010 08:39

Here's a question for you: to cut out the market noise can you use a moving average to count the waves?

[jon827] 08/9/2010 08:27

Don't worry Im perfectly capable of making my own mistakes :)

Hehe 'Gunnery Sergeant Hartman' best film ever!

[andonis] 08/9/2010 08:11

FTSE 3rd wave extension complete...5343 is coming.

free stock charts from www.advfn.com

[andonis] 08/9/2010 07:31

Jon, dont believe people who give you advice without you asking for one especially those who have done not a single chart. Those who claim expertise from half reading a book and practicing none. Make your own mind who this might be. Pests some they are simple and spiteful pests. Liter simple liter.

[tpaulbeaumont] 08/9/2010 03:45

jon - once you get your book and understand waves im sure you'll look at blogs and threads with people attempting to use them to check the rules etc, please dont accept anything you see as correct though. Do your own analysis. The vast vast majority of blogs and threads that offer wave graphs are hopeless. They offer charts with very bullish implications, then on a whim flip to very bearish implications! They'll claim they were correct - in hindsight, they'll post so many options ones bound to be right etc etc, the same old tricks any old blogger/poster uses to claim success when in reality theres no way you could be profitable with spreads/commissions/stops and just being wrong ;)

Waving is very subjective, and thus very difficult to master, and thus very difficult to use in any practical manner, and very easy to lose money with. Seconded only by the ease of losing money following someone elses analysis!

[essentialinvestor] 07/9/2010 18:07

Thanks ando

[andonis] 07/9/2010 17:59

tomorrow should be an up day, the last one as we have a month where prices should fall to 25-26th of the month.

[jon827] 07/9/2010 16:55

Sorry joe I wouldn't know an elliott wave down side target if it hit me in the face at the moment im still waiting for my book :), however short term I can see pull back to around 5300 then I will have to decide if i want to buy it or not!

[joe moon] 07/9/2010 14:17

thanks ando

[navyan] 07/9/2010 14:17

agreed Ando, re Dow.

10282 instead of 10225 maybe.

[andonis] 07/9/2010 14:14

after a small retrace perhaps 10225 then 10530 I think.

[andonis] 07/9/2010 14:13

Liquid millionaire, Re LYD, I got those data only from ADVFN I am not sure if the data are complete. Anyway it does look stretched to me. near the top.
However I have reservations as I dont have alll data prob. Looks like a breakout but could retest it due to fibonacci fully stretched. Unless we see a multibag situation. Best of luck...

[joe moon] 07/9/2010 13:53

so where does it go ando

[essentialinvestor] 07/9/2010 13:53

Ando, where do you think we are heading over the next week?.

[andonis] 07/9/2010 13:46

Well now the charts seem to be up and running...Here is what I was trying to post a couple of days ago.
This is a 5th wave extension and the retrace also textbook stuff.

[joe moon] 07/9/2010 12:06

jon where is the last leg down going to take us

[andonis] 07/9/2010 12:02

ADVFN charts still not fixed. We cannot post them. duh

[andonis] 07/9/2010 09:07

Very good question jon......no I think we have not finished the uptrend yet. But there is money to be made on the downside too. A good point to short is 6300 ish for FTSE. But until then we have time to make more money....on daily basis.

[jon827] 07/9/2010 08:20

Its just the takeaway impression I got from watching the film ando, cant wait to get my book, btw is the ftse daily one big wave from march lows to April top and were about to start the last down leg?

[andonis] 07/9/2010 07:43

Jon the meaning of life? I still dont get it.

[jon827] 06/9/2010 20:30

Just watched an amazing video on tpb EW thread; turns out Elliott waves are the meaning of life

[jon827] 06/9/2010 20:27

hehe.. Im not to fussed as long as im on the right side of it!

[joe moon] 06/9/2010 20:25

i think there is something happenning on the 17th jon...but we cant talk about it yet

[jon827] 06/9/2010 19:31

Hurray Gapo's back :)