Wednesday, August 25, 2010

ELLIOT WAVE and Trading Minuette iv Subminuette a or c














TUES AUG 24th
WAVE 3[iii]iii3-4
TNA F2: 2808
TZA F2: 662
ABS SUM: 3470
TNA CLOSE: 32.934

PRIMARY 3
INTERMEDIATE 1
MINOR 3
MINUTE [iii]
Minuette iii
Subminuette 3-4

WED AUG 25th
WAVE 3[iii]iii5-iv a or a-c
TNA F2: -1310
TZA F2: -13
ABS SUM: 1323...BLIP DETECTION: BUY OR HOLD TZA OVERNITE In Preparation for Minuette iv Subminuette b or Minuette v Subminuette 1
TNA CLOSE 34.49

PRIMARY 3
INTERMEDIATE 1
MINOR 3
MINUTE [iii]
Minuette iii/iv
Subminuette 5/a or a-c

A TZA leg demonstrated a CCI divergence (light blue dashed lines). This leg was either part of Minuette iv Subminuette a or it was Minuette iv Subminuette b. The TNA Demarker bottomed while TZA was running up & the divergence was being formed. The CCI went up above -100 during the 1:02 PM period and went up above 100 during the 1:42 PM period signalling a TNA Buy. This was supported by a bottoming of the TSI during the 1:26 PM period and the AD line during the 1:14 PM period. The Awesome Oscillator crossed above zero during the 1:50 PM period. A bottoming and a 3-period CSI rise was documented at 2:14 PM.

Tommorrow is THURS AUG 26th
Suspect we will have: WAVE 3[iii]iii 4 b-c or 5
0
0
0
0

PRIMARY 3
INTERMEDIATE 1
MINOR 3
MINUTE [iii]
Minuette iv or v
Subminuette b-c or 1-?

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