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A neater Chart of the of the "none" Techincal market :D :D Watch out for that larger +31 Alt :) @ 1485 area

We "tinks" correct :D :D :D

Its always the standard fibs on the way back up if there's no usable Alt waves... 38.2% is where the GET Orders will be, 50% the "main retail order" one will have more :D

Thats why were careful of wide spread bars :) Remember the Rules if price overbalances its has correction ie +15 points its changed degree hence its carn't be a lesser degree wave iv. 38.2% back up is the next probable TA point @1481.50 :)

I'm Alway careful of wide spread bars they are designed to trap bears in (then to bail) and keep new longs from getting in at that price. I agree that 1472.75 is key for a wave 4

some Bears are covering, That wide spread is tring to trap them...They will try again though at the DT..

It is a point Critical on the SPX :)

If it gets back up above the 61.8% ( 1465.50) The bears who sold that last Alt @ 1469.50 with a 2 point S&R will get twitchy and start to cover some $$. Below that 61.8% they will add & new lows are on the cards..:) Good to see another EW Rob...

As charted on this thread before it happend :D :D Welcome Rob :) This thread must be getting more Hits the chart download viewed numbers are above 3 now :D :D

Bears will have another pop.. Its up to the bulls not to stop them and Wide spread through the area to trap the bears.

Needs to Clear that 1469-70 areato change degree ...ie the +15 ALt correction level with fibs converging :)

With that 61.8% on the OEX If the bulls want to be breave and catch the knife..:p

This is the Bulls only Hope that the 61.8% on the OEX holds... Otherwise its good night vienna :D OEX makes up 66.7% of the SPX.....

They see the lesser MM hence that last spike with the Stops & Limits poping....

You always have to respect ALT Waves :) So untill its corrects back up over +15 points the bears are in control..

INDU & OEX are all ready Implusing so becarful about buying...

Thats the larger target Measured Move.. 1461 area.. If it breaks that then its implusing and we'll a lot further to fall in the long run...

Could get an ED into that Measured Move target..:)

While its quiet ...:D Rember that APPL Chart from page 91 :D :D I see the ED wave 5 was labled on $192 :eek: I hope elovemer caught some of the ride down :cool: http://www.elitetrader.com/vb/attachment.php?s=&postid=1661921

A triangle would fit your iv Mu ? Other wise a simple wave 1, 2 I'm still with the bears untill its overbalances :):)