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Are you looking at this? :D SPX 15min

Well... seems like our ED count is out but we got this pretty close.... SPX bounced at 764.46 :) Let's see if the "D" wave kicks in.... Hmmm..... if we're in the 3rd of 5th wave down now, then it feels a little "weak" (see circled area). I'm expecting more "devastation" than this, but...

Just a chance.... :) NDX 30min

Possible diagonal correction? SPX 15min :)

Thanks Mup, I was just about to draw my charts when I saw you have already made these 2 posts..... :) How about being a little greedy for the best of both worlds? :D Let the bears push it down to ~764.14 (88.6%) and then the "D" wave kick-in and fly me to the moon...... :D

Eric, I am bearish and yes, I believe there is a chance A has completed and B is underway in the flat scenario. One very important thing about EW is alternative counts. So, while I think it could be a flat, I am not ruling out a triangle as Mup see it. Neither am I ruling out the start of...

Looking better..... :) SPX Weekly

I just don't feel comfortable with the tape today. Mu, Mup, Landis, See you at the "big bar" later. I'm heading there now for a drink! :)

Hmmm... Seems like the bulls were charging up the NDX as well.... I've re-drawn a possible ABC, the c wave which could go up to ~1246 as a 50% retracement..... :) NDX 30min

Thanks Mup! Christmas is long over but you always have something for everybody! :)

Eric, You can press the "Prnt Scrn" button on your keyboard and paste the picture in any picture editor like PaintBrush in Windows. Then save it as a png or jpg or tiff format and you can upload it in your post. :)

Thanks Mup! :)

The NDX (Nasdaq 100) seems to have a different path from the INDU and SPX. Mup, Do you see a possible ED on the NQH9? :) NQH9 60min

blnbr, Sometimes when the count seems confusing, it helps to take a step back and look at the longer time frame. Take a look at the SPX weekly chart. It does look a little clearer doesn't it? :) http://finance.yahoo.com/news/How-to-Use-the-VIX-to-Guide-tm-14324954.html :) SPX Weekly

Only Mr Market is right all the time..... :D My input in blue. I believe there is a slim chance of a 3-3-5 flat correction in the SPX daily. :)

Looked like a 3-3-5 Flat correction in the SPX 15min.... Or a double zig-zag..... :D

Perhaps you can try labelling the counts on the chart? :) From there, you'll better understand what those circled areas correspond with. :) Give it a try?

Mup, Glad to hear from you :) NDX 10min

Unless we're getting fifth wave extensions, the selling is pretty much done for today in the INDU, SPX and NDX 30min charts.... :) ET seems to be cranky today....

I would think so.....:) A final thrust after a completed triangle in the NDX 3min.... Search for the word "thrust" in the link below: http://www.elliottwave.net/educational/basictenets/capsum.htm NDX 3min :)