With each stock’s recap, we will include a (with market support) or (without market support) tag, designating whether the trade triggered with or without market directional support at the time. Anything in the first five minutes will be considered WITHOUT market support because market direction cannot be determined that early. ETF calls do not require market support, and are thus either winners or losers.
From the report, Pharmacyclics (PCYC) triggered long (without market support due to opening 5 minutes) and worked enough for a partial if you were quick, and worked more later, but doesn’t count anyway due to opening 5 minute trigger):
Idenix Pharmaceuticals (IDIX) triggered long (with market support) and didn’t work:
Novellus (NVLS) triggered short (with market support) and worked:
LULU triggered short (with market support) and worked:
In the Messenger, Rich’s Sears Holdings (SHLD) triggered long (without market support due to opening 5 minutes) and didn’t work:
His Google (GOOG) triggered short (with market support) and didn’t work:
His Amazon (AMZN) triggered short (with market support) and worked:
His Deere & Co. (DE) triggered short (with market support) and worked:
Apple (AAPL) triggered short (with market support) and worked great:
Rich’s Lululemon Athletica (LULU) triggered short (with market support) and didn’t work:
His Direxion Daily Financial Bull 3X ETF (FAS) triggered short (ETF, so no market support needed) and worked:
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Elliott Wave Analysis Of Short And Long S&P 500 Trades: May 18, 2012
Published 05/18/2012, 06:15 AM
Updated 07/09/2023, 06:31 AM
Elliott Wave Analysis Of Short And Long S&P 500 Trades: May 18, 2012
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