thanks very much for providing these GET charts peridot.
Guess I'm reading them incorrectly though. It looks
like on the SPX it shows this as a wave 4 pullback, maybe going a
few points lower, then pushing up in wave 5 higher, all the future
projections are above where we are now. Just the opposite on
the Russell, all the future wave counts are beneath the price,
except maybe 4 is at or just above where we are now. They can't
both be right, and the the SPX is going to go up a lot of points
and the Russell down by a lot at the same time? That's just
how it appears to me, the only numbers shown are 4s now, and 5s
well above the current SPX price soon, and the reverse, the 3s and
5s are well below on the Russell. Can you explain please?
Even given that the Russell is a 30 minute and the SPX is 60,
it appears that the drop in the Russell projected would have the
SPX pulling back a lot further than what is shown to come close to
lining up with it.
Briefly, the GET platform automatically computes the Elliott
Wave counts based upon current price and will adjust those counts
as needed. Shorter term time frames, i.e., 5, 10 & 15,
may certainly show different projections than a 60 or
daily/weekly/monthly. I deliberately picked these two
different indexes as well as two different time frames because
Steve and Matt have been showing the possibility of a bullish as
well as bearish case scenario. Hope this helps. p.
thanks but confusing numbers
SPX 60 Min. & RUT 30 Min EOD
Posted by angela on 22nd of Jun 2010 at 05:10 pm
thanks very much for providing these GET charts peridot. Guess I'm reading them incorrectly though. It looks like on the SPX it shows this as a wave 4 pullback, maybe going a few points lower, then pushing up in wave 5 higher, all the future projections are above where we are now. Just the opposite on the Russell, all the future wave counts are beneath the price, except maybe 4 is at or just above where we are now. They can't both be right, and the the SPX is going to go up a lot of points and the Russell down by a lot at the same time? That's just how it appears to me, the only numbers shown are 4s now, and 5s well above the current SPX price soon, and the reverse, the 3s and 5s are well below on the Russell. Can you explain please? Even given that the Russell is a 30 minute and the SPX is 60, it appears that the drop in the Russell projected would have the SPX pulling back a lot further than what is shown to come close to lining up with it.
Briefly, the GET platform automatically
Posted by Peridot on 22nd of Jun 2010 at 05:23 pm
Briefly, the GET platform automatically computes the Elliott Wave counts based upon current price and will adjust those counts as needed. Shorter term time frames, i.e., 5, 10 & 15, may certainly show different projections than a 60 or daily/weekly/monthly. I deliberately picked these two different indexes as well as two different time frames because Steve and Matt have been showing the possibility of a bullish as well as bearish case scenario. Hope this helps. p.
yes, thanks
Posted by angela on 22nd of Jun 2010 at 05:56 pm
Thanks for mentioning that it shows bullish and bearish possibilities. so That explains it, had me con-foos-ed.