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Thanks for the hint! Will keep that in mind!:D Seems like there is no end in sight yet...

...always trying to find any ED when the markets falls too far too fast.....:D

Mup, Thanks for the encouragement! I appreciate it :) I did consider a 1.618 of W(1) to get the target of (3). Actually I tried a few options and got 922 & 923 & 925.... pretty close. Then I flipped to pg 129, figure 4-7 of the 20th Anniversary Edition of EWP, and decided to use the...

Mu & Mup, Thanks for sharing your views so early over the weekend. I've been thinking through some of the options and still felt that we could be in an extended wave 5 of 3 now in the SPX. I'm still trying to find a way of projecting targets I'm comfortable with, but in the meantime, if we...

Voting has just begun...... House vote achieves necessary votes to pass... current vote tally at 239 yea, 156 nay

A 800 point up move for the INDU today would be nice!!!!:D And SPX has cleared the first hurdle at 1134....

Mup, Thanks for the link to Gann.... will check it out after the market closes.... Seems like you are going to nail your target.... looks a little like an ED forming in the 10 min SPX..... would be a gap up tomorrow if so....:D

Mup, Can I know from which book can I read up more on this rule? Thanks!:)

Here's a possible gloom and doom scenario on the weekly SPX.... Bull or bear, if we can identify it, can both be profitable.....:) Count invalid if SPX goes above 1162

Best case scenario on the SPX is an ABC till 1pm when the House makes it votes on the $700b plan..... :)

...volume still very thin on the SPY 15min chart today.....

Volume seems to be rather thin to be a wave 3 down......:) unless my charts are failing me again....:( spy 15min chart attached....

The "ED" was so sloppy that I closed out all my "shorts" yesterday too :mad: Ah well..... let's see how the markets unfolds today!:) Mu, thanks for starting this great thread that has attracted so much great participation from Mup, Landis, Elo, TraderRob, Quangviet..... did i miss anyone?:)

...possible ED c wave on the SPX 10 min chart......

If the SPX still doesn't start to move up, then "wave 3" of the C wave may become an invalid count as it would become the shortest.... SPX breaks below 1221.76 and I'll just be watching from aside.....:)

Friday's move should have been a 5th wave up..... followed by a 5-3-5 zigzag down..... At least that's what I see in the 5 min SPX.... :)

Mu & Mup, Thanks for the updates! On the SPX now, it seems like a flat is forming in the 10min chart. If it is not a flat, then it has to be a 5th wave up. Both should offer good "shorting" opportunities.... :D if you can find ways to short that is.....:) Sorry I cannot post...

Well.... the "resolution trust corporation" did it for us.... The bottom is finally in.....:) Now waiting for SPX to break 1217.23 on the upside...

Mup, I'm beginning to get this feeling that you've nailed it...... Looks very very much like a diagonal now.... Thanks! Patiently waiting....:) And congrats on your 1000th post!!!!:D

well..... looks like it was not meant to be.... the bottom is still not in....