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Post by lovemyipad on Dec 6, 2012 7:21:15 GMT -8
Ping! Hit his target. Now let's see... Now the big if. I did the trial last night and was not comforted Mark go there now... I'm in the trading room...
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Post by phoebear611 on Dec 6, 2012 8:55:17 GMT -8
When I re-read Avi's comments it is almost chilling ... he is so spot on that I had to read them again. Wow....just wow.
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Post by lovemyipad on Dec 6, 2012 9:07:15 GMT -8
Avi said he thought we would target 515/517. Brilliant. From now on I promise to trade exactly what he says. Remember it's always an IF/THEN path. He said: IF we can't get over 596-ish, THEN look to retrace 38.2-61.8%. IF 61.8% retrace doesn't hold, THEN look for 515/517. At every point, he allows for his primary thesis to be confirmed or invalidated by the market -- which, IMHO, a good trader must always do. Must always, always have a Plan B. Trading = chess.
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Post by rutgersguy92 on Dec 6, 2012 9:09:33 GMT -8
When I re-read Avi's comments it is almost chilling ... he is so spot on that I had to read them again. Wow....just wow. He nailed the going south part fantastically; let's hope he's even better going the other way.
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Post by fas550 on Dec 6, 2012 9:14:09 GMT -8
When I re-read Avi's comments it is almost chilling ... he is so spot on that I had to read them again. Wow....just wow. He nailed the going south part fantastically; let's hope he's even better going the other way. If he is (i.e. we go back to ATH) I'm signing up for a year. I've been watching for a short time and he is very good. When we get to another ATH I need a better idea (better than the last one) on what do from there.
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Post by podboy on Dec 6, 2012 9:20:03 GMT -8
How much does Avi's service cost? Where do you sign up for it?
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Post by lovemyipad on Dec 6, 2012 9:24:09 GMT -8
How much does Avi's service cost? Where do you sign up for it? Here, do the free 15-Day Trial thing and you can see whether or not it's for you. You can't post with the trial but you can read -- and you will see ME a whole lot! Regular cost is something like $100/month. Avi's Trading Room(EW is definitely not for everyone.)
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Post by fas550 on Dec 6, 2012 9:33:46 GMT -8
Okay, with Avi's permission, I'm posting... So does that mean he's looking for confirmation by the price action moving out of the blue box either up to Alt b (above 570) or down to b (around 530)? Thanks
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Post by lovemyipad on Dec 6, 2012 9:38:56 GMT -8
So does that mean he's looking for confirmation by the price action moving out of the blue box either up to Alt b (above 570) or down to b (around 530)? Thanks Not sure we're on the same page here. See if this chart (I just marked up Avi's chart with yellow arrows) makes it easier to follow:
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Post by fas550 on Dec 6, 2012 9:44:30 GMT -8
Yes I see it. I am puzzled around the meaning of "alt b." Does it mean we should be on our way to alternative (alt) b (also labeled c) and the blue box moves to the position of alt b if the price rises out of the blue box? A move south to b is understandable (assuming we go south out of the box) then eventually back up to c (also labeled alt b). Sorry for the confusion.
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Post by lovemyipad on Dec 6, 2012 9:48:22 GMT -8
No, this is an EW labelling thing. See me in the EW thread for more on this...
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Post by lovemyipad on Dec 6, 2012 9:50:55 GMT -8
Yes I see it. I am puzzled around the meaning of "alt b." Does it mean we should be on our way to alternative (alt) b (also labeled c) and the blue box moves to the position of alt b if the price rises out of the blue box? A move south to b is understandable (assuming we go south out of the box) then eventually back up to c (also labeled alt b). Sorry for the confusion. Post above refers to this chart: (Avi's chart with my yellow arrows) fas, I'm watching the market, so I'll be back to answer this in a lull...
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Post by fas550 on Dec 6, 2012 9:53:39 GMT -8
No prob. We can go over it after the trading day. I'm still huddling in the corner with a blanky biting my nails to make any trades.
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Post by po1nt on Dec 6, 2012 10:41:31 GMT -8
Yes I see it. I am puzzled around the meaning of "alt b." Does it mean we should be on our way to alternative (alt) b (also labeled c) and the blue box moves to the position of alt b if the price rises out of the blue box? A move south to b is understandable (assuming we go south out of the box) then eventually back up to c (also labeled alt b). Sorry for the confusion. Post above refers to this chart: (Avi's chart with my yellow arrows) fas, I'm watching the market, so I'll be back to answer this in a lull... So did we bounce off the (b) target?
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Post by appledoc on Dec 6, 2012 10:42:06 GMT -8
I need to make a solid attempt at learning EW before residency begins. Avi has been so spot over the past two months. I will be doing the free trial in a few weeks when I'm done interviewing.
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Post by appledoc on Dec 6, 2012 11:12:50 GMT -8
From Avi's comments today on his last SA article
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Post by terps530 on Dec 6, 2012 11:13:44 GMT -8
this stuff sounds pretty awesome. Just checked out his site and there is a lot to learn there between tutorials, webinars, etc.
I think I'll take some time to look into this. Never really knew about it or the basics of how it operates prior to today.
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Post by lovemyipad on Dec 6, 2012 14:35:28 GMT -8
YAY, I have new EW friends!!! Doing a bunch of stuff at once, so if I don't reply to everyone today, I will catch up later!! (Hush, Birdie!! )
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Post by lovemyipad on Dec 6, 2012 14:56:07 GMT -8
By the way, Avi's not so keen on PeterG. Not a thumbs-down, just not a thumbs-up either. Which just goes to show you that when it comes to EW, I still don't know what I don't know! appledoc, I think you would excel at this. Anyone who passed organic chemistry probably won't get quite the headache that I get!
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Post by appledoc on Dec 6, 2012 15:34:55 GMT -8
appledoc, I think you would excel at this. Anyone who passed organic chemistry probably won't get quite the headache that I get! Thank you! I was also a biomedical engineering major in undergrad. I think this stuff suits me well.
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Post by alice on Dec 6, 2012 16:13:52 GMT -8
Yes I see it. I am puzzled around the meaning of "alt b." Does it mean we should be on our way to alternative (alt) b (also labeled c) and the blue box moves to the position of alt b if the price rises out of the blue box? A move south to b is understandable (assuming we go south out of the box) then eventually back up to c (also labeled alt b). Sorry for the confusion. Post above refers to this chart: (Avi's chart with my yellow arrows) fas, I'm watching the market, so I'll be back to answer this in a lull... Please explain Avi's chart in simple English and the timeframe it relates to. Thanks.
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Post by lovemyipad on Dec 7, 2012 0:43:22 GMT -8
appledoc, I think you would excel at this. Anyone who passed organic chemistry probably won't get quite the headache that I get! Thank you! I was also a biomedical engineering major in undergrad. I think this stuff suits me well. You will leapfrog me in no time. I have no doubt. And I am THRILLED at the prospect!!!
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Post by elmar on Dec 7, 2012 5:10:39 GMT -8
Mace showed up at Breaburn : Edited by Elmar
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Post by mbeauch on Dec 7, 2012 8:24:31 GMT -8
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Post by aapl4kiki on Dec 7, 2012 14:57:40 GMT -8
MB - I read that as we may still rally up to near 575 before heading back down to 500 if we don't break through. Are you saying today's brief rally to 555ish is it and 500 is next?
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Mav
Member
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Posts: 10,784
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Post by Mav on Dec 7, 2012 15:05:26 GMT -8
Mace showed up at Breaburn : Aw, COME ON Mace. Of all the places to talk EW, you go to...Braeburn?! Persona non grata, man...
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Post by mbeauch on Dec 7, 2012 15:11:51 GMT -8
Elmer, you kind of outed him in public.
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Mav
Member
[img style="max-width:100%;" alt=" " src="http://www.forumup.it/images/smiles/simo.gif"]
Posts: 10,784
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Post by Mav on Dec 7, 2012 15:31:45 GMT -8
Inquiring minds wanted to know where he was!
Also, not like any of us know how to reach him. We'd have to get accepted to Braeburn anyway just to say hi.
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Post by alice on Dec 7, 2012 15:32:01 GMT -8
I want to be like Mace and play Diablo instead.
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Post by mbeauch on Dec 7, 2012 16:51:42 GMT -8
Inquiring minds wanted to know where he was! Also, not like any of us know how to reach him. We'd have to get accepted to Braeburn anyway just to say hi. I knew where he was, but I respected his right to privacy.
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