- Lag Robert Prechter richtig?! - Jagg, 11.12.2001, 19:15
- Re: Lag RP gut hehe... nun... chart-link (passt nix in titel) - Jagg, 11.12.2001, 21:48
Lag Robert Prechter richtig?!
Habe hier einen newsletter von kürzlich der (angeblich) von
Robert Prechter stammt... Kann jemand bestätigen dass er der
Autor ist? Und... was meint ihr dazu? Gruss J.
..............
The price action from the September 21 low in the S&P (both the cash and the
December futures) is displaying a price pattern with potentially very
bullish implications. Within a possible impulsive movement underway from
that low, there is a case for prices tracing out an initial five-wave
advance to the October 17 high from which an expanded flat second wave was
completed at the October 30 low. Within a possible much larger third wave
that is underway from that low, prices again traced out a five-wave movement
to the November 27 high that appears to be a fractal of the initial five
wave advance, for just a first wave. The action from that high appears to be
tracing out another expanded flat second wave (within which wave b was equal
to 1.236 times wave a) that should complete below the November 29 low (which
was 1125.51 in the cash and 112500 in the December futures). Since a lower
degree second wave should not be larger than the preceding second wave,
there is a downside limit for a further wave ii of 3 decline at 1113.39 for
the cash S&P and 111270 for the futures. This defines a relatively tight
"window" from which an explosive advance in wave iii of 3 could emanate. The
December S&P will only be the lead contract for one more day, so if it is
purchased on Tuesday, it should be rolled to the March early Wednesday.
While there are both more aggressive and more conservative ways to play this
situation, traders may wish to consider going long the December S&P
(provided that prices do not first trade below 111270) upon the first
five-point upside reversal (e.g., from 112100 to 112600) once prices reach
112100 or lower, initially stopping the trade below the low of the move to
that point. If stopped out and prices have still not traded below 111270,
repeat the process. The upside objective is 1320.00 basis the cash S&P.
Since this is a high dollar risk trade, some traders may wish to consider
using the"mini's."
.........
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