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[/i] Why will the bears want a DT on a 38.2% ? This is why 30min ES :)

Bears will be hoping for a double top on a 38.2% as the odds of a sell off are like hearing thunder after a lightling bolt. Best pattern for the bulls would be a lesser move back down to the 701 area which is a 1:1 into a 50% (abc) a classic (b) wave ratio for a move back up later on...

As in normal 4th wave triangle ed .... or as a hard core ED pattern....?

If she doesn't roll over quickly then we carn't rule out another leg up as we had a reasonable short term double drive 1:1 low yesterday.. Hopefully she'll roll, but its a pesky delta inversion day so I can't rule this mischeif out..... 15min ES.....

Could miss a final high of an ED pattern if, as ed points out its a w-x-y pattern... (double flat in old school due to the ratio's being 50 % or greater on the lesser corrective waves except the x) Same chart from this morning , its wanted to waste a little more time.... :eek:

Completed Flat pattern ? ( b wave or 4) Now for a C or 5.... 30min ES :)

Usual supects on the way back up.... 240min Globex :)

Not technical at all :D :D New LOD into the 20.75 point 1:1 :) 5min ES

The 88.6% is from the day session chart :) Bears do like 88.6's :D Oh I thought I'd add a bit of colour as its been one of those long dark wet Northern European days over here :(

That 709 is also an 88.6% We often get sharp moves of that ratio....

Chart might Help :D

Through that last LIS next is that +17.75 Alt around 709...

Usual suspects for a line in the sand.... 5min ES

261.8 ext on the SPX comes in around 685.7 240min SPX :) (simple 5 count for ease)

Its messy that EUR pattern on the short term there's at least 5 counts that are viable at the moment. On the longer term I'd like to see the EUR dip below its Oct 2000 0.82 cent low :eek: :)

Still like to see a lesser "b" wave (exp flat?) to around the +17.75 ALT ( 717 area)... update on yesterdays 30min ES chart abc-x-abc

I to, feel like I came back from vacation to soon :eek: :) Stopped on its 123.6% The old exp flat ratio...... ?? (if it lets go then 695 is on) 15min ES

:):cool: Looks like it wants to try for that key fib area (697-695 ES)

Moving in the right direction :))

That ALT it needs to clear to change degree... Usual Traffic light rules... That +9 ALT