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Quite rare for a-b-c in wave 4. Would be looking for a triangle or flat, but not completely ruling out the a-b-c though....:)

I think you are right..... looks like we are in a Wave (4) now...

...seems like we are stuck in a "B" wave of wave 4 of the ED..... Is anyone else seeing the same thing?

Don't worry Mup.... I got the picture although I was almost caught "in the line of fire"...... LOL Still a pleasure to be part of this forum. Wave 5 of the ending diagonal seems to be well in place right now....:)

Looks like an ending diagonal to me too..... Please see attached SPX 60 min chart.....

Oops! :( :( :(

now i understand.... it's true they seem to have a bear market view all the time.... and I think it is important to have a neutral view when reading waves....

I don't understand. Shouldn't it be the other way round, where when everyone is seeing the same thing, then it has to be correct?:confused:

oops... here's the chart.....

Mup, Can you take a look at the 1 year RUT wave count I drew up? Did I label it correctly? Thanks!

Mu200411, Thanks for starting this thread! You've got a lot of good work going on here...:)

Landis, Could the SPY 5 wave down be just part of an A-B-C correction? Please excuse my lousy drawing...

Mup I'm really a novice in terms of counts and have no idea about the different schools of thoughts about Elliott Wave. I'm just trying to recognize the wave structures now and think I have a LONG LONG way to go...... But thanks for your guidance and patience, for I will need a lot...

You are right. I counted the wave (2) wrongly. Thanks for the correction. I appreciate it! :)

Mup, A picture speaks a thousand words. Thanks for that chart. I share the same view with QuangViet and you, except that I tend to think the wave down off the 19th May is a 1 instead of A. This 1 down seems complete and yesterday's close marked the start of the 2 imho. Still learning...

Thanks Mup... I'm seeing a full 5 waves up as at the close..... so there should be an A-B-C when the market opens tomorrow before the uptrend resumes.....

Hi Mup, Mu200411 and Landis82, I chanced upon this forum and am intrigued to find fellow Wave counters. I have not read all the posts from day one but I will, gradually..... Landis, On your last post, I thought it looks more like it is hovering in wave4 up now? I'm using the 10 min...