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Mup, can I know what is a 1:1?

:( Looks like I've got my north and south mixed up......:( It's ok..... just gotta try again!:) No I did not get OIH.... It's a shame I let that slippery stuff get away.... Well, just have to wait for the next ED isn't it?:)

Very good call on the USO Mup! Actually I did hitch a ride down as well....:D Are you back from your break? Thank you Mup!:D On the SPX extended 5th, an expanding triangle just completed.... so I believe it should be heading south soon...:)

Mu, here's my chart....

Hi Mu, I have a slightly different count..... Thought we are still in an extended 5th wave now?:confused:

Seems like it has been a downward ABC in most of the indexes since July 24th. The downmove is nearing its completion and I believe a strong upmove should come very soon....:D

Mu, I share the same view as you. I have been feeling weird about this upmove since it started on Jul 15th..... I think there is more downside and would prefer a strong trendline break for confirmation.

Congratulations Mu. Great thread! Keep it going!!!!:)

In the 15min SPX, I see some semblance of a Flat forming, but being corrective waves, it can be deceptive. If it is, I am hoping for 1 last leg up before the c wave down..... Please excuse my lousy drawing and it is not to ratio.....

Whether 1-2-3 or ABC, I am looking for at least a 1:1 where SPX reaches about 1152.75. So I believe we are in the midst of a w4 of 1 or w2 of 1 correction now.

ED on the INDU?

Sorry Mu, but I don't understand that... Where are we then? Wave 2?:confused: I mean I understand we just penetrated the Mar 17 SPX low of 1256.98, but this 3rd wave should be evaluated on its own isn't it?

Could this have been an entire diagonal all along?

Bingo! Thanks Mu! I'm waiting for the slow triangle to complete.....

Welcome! You can try a google on : Hamilton Bolton Glenn Neely Frost & Prechter Plenty of books...:)

Thanks for the link Xuanxue. I read that somewhere else before...:) Maybe I should have chosen "Flat" as my username, but that's what I am seeing in the 30min RUT now......:D

I find your ABCs & WXYs very interesting. I can't help but wonder how you managed to nail those counts so many times. Perhaps it is time for me to get back to preschool to get my ABCs right:D ...or should i focus more on my math 123s....:D On goog, I thought your b wave looked like a 4...

Come think of it, yesterday was the strangest w1 & w3 I've seen.... especially the w3, it is so "lumpy" with small thin candles.... really got me fooled..... It isn't a normal w3 is it?

Thanks Mup.... I was looking at the INDU push past 1.618 of "a" and I knew the Flat was gone.... :( No worries. No harm done but it was fun anticipating it together!

Thanks Mup!