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Possible ED forming.... :) Time to go long! :D

Update.... 5th wave down has started... :) SPX 30min

Does it really matter whether we are in a wave 4 or wave 2 correction? It's in the same direction isn't it? :) ESH0 120min

1:1 SPX 120min :)

Well, 1071.50 held, so I think we should still be in a wave 4 :) SPX 60min updated :)

Mu, After looking at some long term charts of the top 10 constituents of the SPX like XOM, JPM and JNJ, I am beginning to see where you are coming from... :) Anyway, being the bear that I am, here's another alternate bearish count scenario I am beginning to favor..... :D SPX 60min :)

Wave 2 up could have started if 1070.50 holds in the ES. :) ESH0 120min

:D

Here's the more popular view of a completed wave 1 down in blue.... with my alternate count in red..... :D SPX 30min :)

I see many EW counts reporting a completed wave 1 down and that wave 2 up has just started. As usual, what I posted earlier was my view of an alternate count. Something away from what most EW counts just to keep in mind how things can turn while the markets unfolds its moves. I am barely...

Getting there..... :) Anyone going short soon? :D

Looks like Mr Bull has run a little out of steam.... :D Here's my thoughts on the ES :) ESH0 120min

Update for VIX Daily :)

Happy New Year 2010 Mu! :) Seems like the earlier SPX chart turned out quite well.... :) Here's an update with a possible ED forming.... :D SPX Daily

Hi third wave, Yes, you are right that triangles almost never occur in wave 2. If you look closer, there is a chance it is not a triangle but a flat. Since it has not completed, we can only speculate and tilt on the greater odds isn't it? :) Which is why I kind of prefer labelling it a "B"...

A bigger picture on the daily SPX :)

Could have counted too fast Mu? Looks a little more like a "B" wave to me. But well, does it matter? The next move after it completes is up.... :) ESZ9 Daily

Here's one of the VIX Daily.... :)

Heh... heh....Thanks MitchWorse :) Ho... ho... ho... It's been quite a while since I made more than 10 points in the ES! That's a nice Christmas gift! :) Perhaps I should just use this backup charts as my main charts! :D

Been having problems with my prophet charts...... So here's one from my backup :) I think there's some more room to move up if 1093 holds.... :) ESZ9 60min