Saturday, April 10, 2004 1:23:38 PM
GARM *CHART* long term view
The sequence that I see here:
A reverse symmetrical corrective wave with a head and shoulders inside. All of this inside of a descending wedge which reverses into a price channel that acts as a textbook double bottom. This runs into an ascending triangle. All of this part of rounding bottom or cup & handle of greater degree. If it turns out to be a symmetrical rounding bottom I will be looking at the early October price of .84 in conjunction with June-May of this year and a cross of .1 is super bullish obviously.
Chapter 1:The Broad Concept
"....Elliot discovered that stock market prices trend and reverse in recognizable patterns. The patterns he discerned are repetitive in FORM, but not necessarily in TIME or AMPLITUDE. Elliot isolated 13 such patterns,or "waves," that recure in market price data. He named, defined and illustrated the patterns. He then described how they link together to former larger versions of themselves, how they in turn link to form the same pattern at the next larger size, and so on, producing a structured prgression. He called this phenomenon The Wave Principle.(p19)"
it's crazy to think that a lot of these small caps are just in a sideways channel and their grand supercycle wave 1 hasn't even started yet. Yet their technicals form geometrically strong patterns. We don't know what PATTERN or WAVE is IN CHARGE till we look at the big picture: to see what degree of chart is crossing an important line and how a cross of that line will affect smaller degree charts down the line, but new events send waves in reverse affecting the intraday first reversing 5 and 10 minute trends, pretty soon your 60 min/40 day chart) chart has been violated and your wondering if the daily/ 6 month chart can act as resistance to the event.
What I want to do with you guys is come up with a way to take charts and make a 3D model or template where we can systematically break down stocks with different degrees of waves/patterns/progress and visually stack the degrees together making a perfect 3D chart. The problem is shown by this example is that too many annotations takes away from the chart because it covers it up. I want a way where you can have transparent annotations and mask each different degree of annotations with a different color or something...then make a slide/video out of it, save it, and pretty soon we'll have a 3D wave elliot library of stock charts. This would reduce our research time before jumping in and it would encourage us to let profits run longer when appropriate or take profits when appropriate. Let the ideas roll....Happy Easter!
The sequence that I see here:
A reverse symmetrical corrective wave with a head and shoulders inside. All of this inside of a descending wedge which reverses into a price channel that acts as a textbook double bottom. This runs into an ascending triangle. All of this part of rounding bottom or cup & handle of greater degree. If it turns out to be a symmetrical rounding bottom I will be looking at the early October price of .84 in conjunction with June-May of this year and a cross of .1 is super bullish obviously.
Chapter 1:The Broad Concept
"....Elliot discovered that stock market prices trend and reverse in recognizable patterns. The patterns he discerned are repetitive in FORM, but not necessarily in TIME or AMPLITUDE. Elliot isolated 13 such patterns,or "waves," that recure in market price data. He named, defined and illustrated the patterns. He then described how they link together to former larger versions of themselves, how they in turn link to form the same pattern at the next larger size, and so on, producing a structured prgression. He called this phenomenon The Wave Principle.(p19)"
it's crazy to think that a lot of these small caps are just in a sideways channel and their grand supercycle wave 1 hasn't even started yet. Yet their technicals form geometrically strong patterns. We don't know what PATTERN or WAVE is IN CHARGE till we look at the big picture: to see what degree of chart is crossing an important line and how a cross of that line will affect smaller degree charts down the line, but new events send waves in reverse affecting the intraday first reversing 5 and 10 minute trends, pretty soon your 60 min/40 day chart) chart has been violated and your wondering if the daily/ 6 month chart can act as resistance to the event.
What I want to do with you guys is come up with a way to take charts and make a 3D model or template where we can systematically break down stocks with different degrees of waves/patterns/progress and visually stack the degrees together making a perfect 3D chart. The problem is shown by this example is that too many annotations takes away from the chart because it covers it up. I want a way where you can have transparent annotations and mask each different degree of annotations with a different color or something...then make a slide/video out of it, save it, and pretty soon we'll have a 3D wave elliot library of stock charts. This would reduce our research time before jumping in and it would encourage us to let profits run longer when appropriate or take profits when appropriate. Let the ideas roll....Happy Easter!
My posts are my opinion only.
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