Wednesday, December 25, 2013

Santa Delivers His Year End Rally!!!

Ho Ho Ho!!!  DJIA Long Call wasn't a lump of coal!  Here is the new chart and all I have changed since my last post, on the 17th, it is the addition of the (4) on the right, marking the 4th wave.



Now, the actual prices have changed a bit because of the automatic adjustments for contract changes but I didn't even want to adjust the location of my wave counts because they are close enough and I wanted to leave the chart as close to its original state as possible.  In the previous post I wanted the green arrow to estimate the end of the 3rd wave and I'm satisfied with the result.  So, I guess it was in my Dec 10th post that I read the sell-off that was the perfect setup for the year end rally -- from that first post to this one every call has been right on the money and I have Elliott to thank; I just try to post what it is telling me to the best of my ability.  At this point I need to take a step back and look at the bigger picture and that will be a whole new series of posts, I guess.  This series has about run its course and there is no need to try and be a hero and make a call because we are nearing the end of a large pattern and where we go from here and when is unclear -- at least at the moment, but I just got home to the West Coast from boyhood home of Boston and haven't done my due diligence yet.  Anyway, I hope someone, anyone, got something from these series of posts and I hope to make some more in the not too distant future.

Merry Christmas and Happy Holidays!

-- HollywoodTrader




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