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We still could be in a larger W-X-Y or a Traingle pattern on the ES... Just a scribble...

I do like EW :D I wonder if any other thread posted a chart of the price action before it even happend.... :) http://www.elitetrader.com/vb/attachment.php?s=&postid=1696087

Think off all the Stops and limit orders they would like to pop just above yesterdays high which was the larger 38.2% fib before taking it back down for a better price later on.. Much Above the 123.6% ext (1478-9 area) kills the Exp Flat...(With some sort of 5th wave in play)... At the Moment...

5 Min ES Feels like were in a B wave of a Flat pattern. They could be mischievous with an Exp Pattern but for now I just labeled the classic higher fibs :)

15 min ES shows the Bench Mark ALT (-20) at 1455.

A 60min Scribble on the SPX I think most will have a simple i,ii,iii off Mondays Low with today action being part of a wave iv. I've done the other option of a A wave. Were now in a B which would last longer in time than a wave iv.

Now at the 38.2% on the globex @ 1475. So we "slide" the ALT up...

The only sure fire sells you get on days like these is if the ALT's start to break. The Higher frames give you an idea of where the supply is, but the ALT's tell us if the Supply is of any importance. Thanks ammo :)

Some basic's to work with on the 5min ES Todays Bench mark ALT was- 5.75 we need to exceed that to attract any intraday bears..

Its all Voodoo to me :confused: Especially that Elliott Wave nonsense :D

SPX 60min Bumping against the 38.2% and it 62 (fib) points up from the low.. Again the supply needs to be dealt with.

Thanks Rob :cool: :)

Back to the ALTs A key area the 1472 area.... Either they need take a breather to absorb the supply or wide spread through it.

A quick SPX scribble...

I would agree with being on the long Bus :) I bet Landis is pleased this morning as 1404 held with the time pressure. Time hits for Monday & Yesterday were 34,55 & 89 Trading days for those who like fibs:D This was from page 162 Nicely done.. :)

1470 (ES) area is the larger Alt with the 38.2% just above.. Seems that time pressure yesterday did the job for the V wave low.. 120min Globex

5 waves up on the INDU could also mean a C wave.. ? Just something to be aware of untill she' tips her hand..:) A scribble on the 60min...

Interesting on The Globex... Measured Move Point @1432 area with the 50%...

My rather busy 60min SPX chart.. If it closes out above the 61.8% on the hourly chart then I' have to amend things as it means I've been counting to slow :eek: The move down yesterday is labled the A wave, todays move up the B wave , so a C wave should be in order for the (V) ? :)

Beat me to it Mu :D :D The 50% is just above as well... Key area's this for the bears. If they don't come out to play at the 50% then we could be labling this i,ii,iii if the 61.8% goes.