Elliot Wave Forecasting Candlestick Chart

[Brucekid]

For Newbies and Clueless, I hope this will reach you in time...Since Friday I wanted to show you this.
Image Chart KLIF 30 mins intraday.

 http://i15.photobucket.com/albums/a361/BruceKid/Klif30B.jpg

Followed by today 17/10/05 chart.

http://i15.photobucket.com/albums/a361/BruceKid/Klif30C.jpg

The bigger picture.

http://i15.photobucket.com/albums/a361/BruceKid/Klif30A.jpg

It is not easy to anticipate the movement of any futures, stock or commodity price move. But now
adays info available on the net and charting software, we are nearer to achieving this aim.
Do keep on searching and learning .

[Brucekid]

Learning is a life long process. But know what you need to learn, for we can not
try out everything ourselves because life is so short. Read thru all the selfless
postings by all the various Si_Fu here and cut down the learning curve for
yourself. Years of experience and a lot of thought had gone into the making
of these postings. The price - free, all it takes is your time and  a keen mind to
glean all the useful  info available.
An updated chart of KLIF 30 mins chart showing continution of down move.


http://i15.photobucket.com/albums/a361/BruceKid/Klif30A02.jpg

[asiatrader98]

Learning is a life long process. But know what you need to learn, for we can not
try out everything ourselves because life is so short. Read thru all the selfless
postings by all the various Si_Fu here and cut down the learning curve for
yourself. Years of experience and a lot of thought had gone into the making
of these postings. The price - free, all it takes is your time and  a keen mind to
glean all the useful  info available.
An updated chart of KLIF 30 mins chart showing continution of down move.

it maybe take more than 10 years or more to learn from the mkt  :-k and
no shortcut for the share market [-X

[Brucekid]

Today fall is broad based regionallly, gracefully letting the market fall without
losing face. ( over due ) Except for Manila which was up due to court decision.


http://i15.photobucket.com/albums/a361/BruceKid/Regional.jpg

Si_Fu  asiatrader98 my point exactly, before the net was available it was so hard
and expansive to learn about the market , good technical books were sparse.
Trading / Charting software unheard off. But now there is so much material it is
becoming a chore seperating the good stuff from the bad. But by the grace of the
Mr Lim we have Bizfun Forum, where a bunch of gals and guys come to share
for the good of all .   =D>
As for the stock market ( m'sia ) is all ' who you know ' , ask jamesbond.  :-&
By the time this was posted  FTSE  - 0.7%  Dax - 2.66 % CAC  - 0.80%

[Brucekid]

Level 896.0 reach , fibonacci 1.618 % of w 1.

http://i15.photobucket.com/albums/a361/BruceKid/Klif30A03.jpg

    :-k

[asiatrader98]

Level 896.0 reach , fibonacci 1.618 % of w 1.

http://i15.photobucket.com/albums/a361/BruceKid/Klif30A03.jpg

    :-k

I am not the Si_Fu lah O:)
what's the timeframe for this chart ? shall be 30 min chart?
what do u mean "Level 896.0 reach , fibonacci 1.618 % of w 1." ?
do u mean 896 level is 1.618% of W1 for this wavw 3 ?
this is indeed the minor impluse wave 3  maybe 200% of w1 or more is likely, unless the hourly/30 min charts showing the bullish divergance then I only consider the completion of the wave 3..........if I am not wrong., from 935 to 914 is wave C-1 and then from 914 to 930 is wave C-2, and now is wave C-3 from high of 930 to.......I maybe wrong since I did not look at the long term chart :-$

[Brucekid]

DJIA    + 128.87
Nasdaq  + 35.24
SP 500   + 17.62

All shorts should be covered. You had been warned read about iit in other parts of the forum.
Old man rushing all the time making small mistakes trying to get the message out as soon
as possible before somebody tell me ' "hou zi hou jue"  again. ( can somebody write this in
mandarin or what ever, I still do not know what it is , pls )
It is not easy to juggle all the act together and yet post accurately.
Teepo we read your postings more than a week ago about bearish futures both you
were in a tread where people were bullish it not nice to  'pour water on to other people
fire' .
Batista , I will leave it to you to tell them what is so important about the 896.0 level as I am
running out of time. Range trading  target 908.0 - - 903.0 range ....to cont

[Brucekid]

Looks like not done yet, one more leg down to form a stronger divergence
for the rebound. Take care.

[Brucekid]

Elliot Wave really rocks. =D>

You  have seen how elliot wave is use in determining the previous trend w i to w iii.
Now we are in wave iv, a wave that consist of minor abc wave.The start of w iv is the
next bar to the lowest point achieve in w iii. Using EW we know that w iv should retrace
between 23% to 38.2% of w iii and the time taken equal to 61.8% to 161.8% of w a taken
from w b of the w iv.
Those interested may do the neccessary calculation and post them, I wll use the following chart
of KLIF 30 mins intraday to display.

http://i15.photobucket.com/albums/a361/BruceKid/Waveiv.jpg

[turtle]

Hi sifu brucekid, how is your taxi business recently?

Can explain are we in the major down wave or still one more major big wave to go? TQ

[turtle]

Hi Brucekid Si Fu, can you check my counting on CI weekly chart can or not? Turtle not good at wave count but strongly believe in this wave counting is a rock.

[asiatrader98]

Elliot Wave really rocks. =D>

You  have seen how elliot wave is use in determining the previous trend w i to w iii.
Now we are in wave iv, a wave that consist of minor abc wave.The start of w iv is the
next bar to the lowest point achieve in w iii. Using EW we know that w iv should retrace
between 23% to 38.2% of w iii and the time taken equal to 61.8% to 161.8% of w a taken
from w b of the w iv.
Those interested may do the neccessary calculation and post them, I wll use the following chart
of KLIF 30 mins intraday to display.

http://i15.photobucket.com/albums/a361/BruceKid/Waveiv.jpg

u are right but I did not see the divergance on the Intraday charts yet, W iii not yet finish, it is still in the position of Wiii-4 (maybe completed at the high of 905 today) or 5 (break/test the previous low is most likely). :-$

[asiatrader98]

Hi Brucekid Si Fu, can you check my counting on CI weekly chart can or not? Turtle not good at wave count but strongly believe in this wave counting is a rock.

impluse wave shall be 1-2-3-4-5
,corrective wave shall be a-b-c

sorry I do not understand ur wave count? =;  #-o

[asiatrader98]

Brucekid

what is the real-time charting serive u got for the 30 min chart ?

keyqoute ?
Next View?
TELEQUOTE? :-k

[Brucekid]

Wah Si_Fu Turtle how can give tough assignment to little kid, like this Major Wave count very toughie.
Most of the time I only count small waves, more revalent to trading.   [-X  
But for a friend like Si_Fu turtle I can only but try , since I can not guaranty absolute
accuracy or exactness. I can only perform using my limited knowledge.
At first glance you have some error in your wave count and you are using CI data.
CI ,as you know is made up of some large weightage component stocks and a lot
of smaller ones. That account for some funny moves, also component stocks are
added or remove when neccessay so negating accuracy in comparision over different
period, etc etc ...... Therefore the CI is just a plotting of the ' path of the movement '.
Thanks for your concern, my taxi business is very good. Lots of customers around,
traffic jam everywhere and rainy season, can ask for more fare /tips lah !   :-$

Give me some time to work on the chart.It is a Major Challenge for me .  [-o<