Search results

The ED is very common as C waves on the lower time frames. The give a way is a sharp move with only 3 waves. The first wave (i) of on ED is always the longest. As for the current Higher count on the SPX I'd be very tempted to label the move of the Aug 16th low as part wave (i) of an ED wave 5.

Nice chart elovemer :) Those ending diagonal's pop up all the time. Its one of the best patterns to learn due to the strong moves you get (on any time frame) once the ED is complete...:D

I'll stick to Futs :D

For an intraday play I'd still like to sell Apple around 185.50 for an afternoon breakdown, with at stop just above the 186.25... .:D :D :D

It doesn't matter what they come out with :(.. Da Boyz are in sell mode due to fund redemption orders...:)

Funds executing the July-Aug redemption-notices....

I agree its controlled. Is'nt this selling just the result of the Funds liquidating due to July's market action. Punters... cough... "Investors" handed their redemption-notice's in July and now is the time (standard 3 months) clear these redemptions off the funds books. :D

Thanks for the INDU chart. :) I have it like this due to the large overlap :confused: 1507 on the SPX is the 50% :)

I though a chart might help people see where we're coming from... Could be a complete corrective W-X-Y pattern on the larger 60min frame going into that 1516 target area. Yes we could get one more lesser degree 5th wave of the to finish off the Y.... but the market seems to have a habit of...

Looks like its the tripple 3 count & this is the Z wave. Eyeball target of the Z is the 1518-16 (SPX) area 200% Ext of W + Y =Z ect ect... :)

Another option is the whole five wave structure of the high on the 11th of October is a Leading diagonal wave A or (i) So we need a B wave or a wave 2 back up and Google could just be the excuse they need :) The bear case is a tripple 3, with the action of the low yesterday being the...

On the SPX chart you can count either a W-X-Y or a simple a-b-c-d-e in to the lows yesterday. (120 min frame upwards) So I wouldn't want to be short going into the GOOG results :)

What no saucy Page Hopkins :( Bloomys former Moneycast eye-candy would be ideal for FBN rather than a bit part she has on FNC :confused: .

Thanks :) I'm seeing "3's" all over the 5min frame, I'd be tempted to lable a-b-c then a " d " wave of a triangle pattern if the price gets back above the 1557level (es). ie price corrects more than the last correction of + 5.0 for a changing of degree.

Still feels like it wants at least measured move target of around 1535 area SPX (1545 ES).The lowest it can go while still keeping degree of a 4th wave of one higher degree is the 1518 (spx) Option 2 ( my alt) is that the whole structure is an Ending Diag C wave from the 10th of september...

We haven't got access to FBN in the UK yet :( Maybe Sky will get around to putting it on their sat network, like Fox news is. Dow down 130 points at the moment :D I can already guess what the Bulls and bears crew are saying .....Its the Dem's fault!! :D :D

I do like EW :D

I do enjoy this thread :) :cool: How about option 3 that yesterday was an A wave of one higher degree (hence the lesser a-b-c pattern into the MM breaking the lesser degree wave iv) and today is the B wave aiming for 50% to 61.8% target back up... 1561-1565 area (spx)

I loved Ending diagonal patterns :D ( SPX Daily) Bears see that ED as finishing of the C of a expanded flat B wave. The bulls will be looking at the ED as finishing of the a Wave 3 of the lows and were going in to wave IV, (I'm using daily bars). :)

All the sheep Quants who followed the Renaissance model would say the methods became "less attractive" in July....:D :D