C long/short spotting - should we have a dedicated thread?

[spikefader]

I'm thinking about opening a thread dedicated to spotting stocks that are currently in the 'c' correction move following the EW 5th impulse patterns.

An example is in the ELN chart below, where you can see the pink 'c'. Since that 'c' area, price has impulsed nicely up to today's high of 16.47, a move of over 25%, and it is arguably only done 1 impulse up at this stage.

Y'all know I like 'c' longs; I'm forever referring to them. I think they are excellent areas of support when a stock is impulsing up and excellent areas of resistance when stocks are impulsing down. And the flip side is if those "c" areas break, then it's a great way to identify potential reversals to the original impulse direction.

If you're interested in seeing a thread dedicated strictly to specific 'c' long or 'c' short entries, calling them live when we see them, vote yes.

If you think c longs suck bilge water, vote no.

I think this would be a pretty cool site resource, and if enough people vote yes I'll try to keep a running list of active 'c' longs and shorts and post charts depicting any successful moves of those called out.

Here's that example chart.

[Runner]

I would only be interested in the count off daily or longer term charts.

[ParkTwain]

Does EW pertain to a stock having less than $100K daily dollar volume?

[Lyehopper]

See that little dog run?

[mimo_100]

Winners

Spike,

I was also thinking of starting thread listing the "winners" that many have discovered and written about on this board. Your example, ELAN, has been recommended for a long time. There are quite a few stocks that still have a lot of "juice" in them.

There are many others, we only have to ask people to post.

I don't mean to hijack your thread, but what do you think about this?

See that little dog run? (what does this mean?????) (laughing)

Tim

[Lyehopper]

Spike,

I was also thinking of starting thread listing the "winners" that many have discovered and written about on this board. Your example, ELAN, has been recommended for a long time. There are quite a few stocks that still have a lot of "juice" in them.

There are many others, we only have to ask people to post.

I don't mean to hijack your thread, but what do you think about this?

See that little dog run? (what does this mean?????) (laughing)

Tim

Read Karel's new "Sticky".... This could be the new $$MM$$ catch phrase....jejeje

[sekto]

i think its a great idea -=]

[Websman]

See that little dog run?

Run doggy run!!! TICK

[Websman]

I didn't vote, because I don't actually have an opinion on this one. It takes all I can do to keep up with everything here already. Of course it would be a very informative thread.

But, I would say do it only if you feel you have enough time and you enjoy it. If it gets to be a chore it'll be no fun.

[spikefader]

Well great! There's some interest out there. I see there's 15 votes for yes, making up 94% of the vote! I'll ignore that one lonely, miserable, in-need-of-an-uppercut 'no' vote. lol (just messin'; TA ain't for everyone, and that's cool too).

Rather than start another thread, I'll just keep it in this one. Karel, is it possible to trim/change the title to something apt. "C Spotting" is probably as good as anything....

Now here's the deal: This isn't gonna be a one-man show. I'm encouraging everyone to contribute with heads up. If you happen to see the pattern (12345ab and in a c) just post the ticker and I'll do the chart for it and track it for a while.

Don't call em too soon, and don't call em too late. Call em during the 'b' or 'c'. And this is only going to be successful if we all commit to looking for them. They are a distinct pattern. There's got to be 5 clear impulse waves and then the 3 correctives:



If it doesn't look like that then ignore it. Let's be picky and patient. Don't try to fit a square peg into a round hole!

Does EW pertain to a stock having less than $100K daily dollar volume?

I think it does. The higher the volume the better imo though. Thin issues can bite and slip.

I would only be interested in the count off daily or longer term charts.

Yep, I think that would be best too.

I was also thinking of starting thread listing the "winners" .... stocks that still have a lot of "juice" in them....I don't mean to hijack your thread, but what do you think about this?

I'm all for threads that are a resource and will be used. I suspect you'd end up with a loooong list there though. And everyone looks for different things so there'd be a mix and blend. But I'd probably read it and contribute. You'd have to limit the number of submissions though. Maybe best 2 from everyone on a monthly basis or sumfin. That way you don't end up with a list of 1000 that's just too much to be helpful.

[Runner]

Spike, was just looking over some charts from the Nasdaq 100. Here is a monthly on WYNN.

[Runner]

[Runner]

booming action on this little puppy

[Runner]

Still toying through the Nas 100. I don’t want to take up too much space on the thread. I realize these do not fit the criteria you’ve mentioned. I guess we shall see how they plan out in this year. If these charts posted pop the resistance I feel they will have some pretty good upward momentum.

[spikefader]

Spike, was just looking over some charts from the Nasdaq 100. Here is a monthly on WYNN.

Thanks Runner.

Here's the daily:



One might be tempted to chase this 3rd with a stop under 2?? But ideally, the first 'c' failed, and that makes me hesitant. Plus the fact that back in April there was a high vol gap down, and WYNN is currently at that resistance area. I think I'd pass on this one now, until perhaps the monthy confirms, then look for the next daily 'c' that pops up??