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Since about May 20th, the VIX has been "mucking around" the 30s region. This daily perspective does seem corrective, which means, possibly more downside for the VIX. So when VIX goes down, the markets should go up. :) VIX Daily PS: A family emergency has kept me away from the...

We could have been stuck in a triangle or combination correction in the ESU9 since Jun 1st. If so, the usual suspects upon completion would be a thrust or an ED. Since the move off the 923 lows on Jun 10th resembles a 3-wave structure, I lean more towards an ED count.....:D 929.25 or...

elo and ole, Thanks for the charts! I like them! :) Here's what i think is one possibility.... :) Above 957.50 would quite likely make it an ED. ESM9 30min

If SPX is taking the path of a wave 4 flat, with the C wave starting at 666.79 on Mar 6th, then the next target I'll be looking out for is about 995, just short of 1000.... :D :D :D

Possible abc? :) esm9 30min Edit: Could even be a ED c wave..... :D

Lookout for a large sell order of about 16,000 contracts in the ES now @ 941.75..... :) Hmmm.... interesting..... :)

"Stealing" some time out for a break? :D Looking at the number of hits you have on your attachments, one can estimate the number of lurkers here too..... :D

Oh.... it is never too much, especially that junmai dai-ginjo grade... :D :D :D :p Since ES busted above 923.50 before Friday's close, all bets were off right? Anyway, there's so many possible counts now I think it best to let Mr Market sort itself out.... :)

mu, That was a good post on GM in 2007! :)

Just something to think about since it went above 923.50 :) Enjoy your weekend! :) ESM9 120min

Mu, I think I still see a pretty strong correlation between SPX & OIH though..... :) It is this correlation that's giving me the hint of a truncated fifth in the SPX just around its previous high of 930 before wave (5) down starts..... :D OIH 120min Disclaimer: I just had some...

Thanks Mup... actually I was just applying what you taught earlier in this thread..... :)

This is the "still stuck in "D" " scenario I mentioned earlier.... :) Lookout for: 1. Above 923.50 count invalid 2. If ES cannot clear above 909, then 909 could be "D" IT'S FRIDAY!!!!!! :D :D :D ESM9 120min

Thanks Landis, Will try to take note of that 10, 21 & 40 MA next time.... :)

Well done Landis! You should share your targets more often! :)

Here's what I think a truncated "E" wave of a triangle looks like..... :D ESM9 30min

Remember this? http://www.elitetrader.com/vb/showthread.php?s=&postid=2425534&highlight=thrust#post2425534 Watch 930 closely..... :D

Well.... 892 held.... truncated "E" wave of triangle? Let's see what happens now... :)

Correlation with OIH? :D OIH Daily Edit: If you think that last part in the chart is an ED fifth, then it may suggest a truncated 5th wave in the SPX as well.... That would mean a re-visit to ~930 before it drops... :)

Dropping.... now to watch the 50% & 62% at 894 and 892 respectively. Bullish if they hold up strongly, else bearish to possibly 877.... :)