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elongated c wave count

A lot will be see that option elo :) Either start of another leg down or even a lesser (b) Needs to bust that lesser -5.25 ALt though other wise you could count it as a lesser wave 4 of an elongated "c" wave....

A move higher would fit that pesky delta point that was due friday afternoon.... :)

Spot on with the ratios Mike :) Should also note that the 61.8% of wave 1 could also be a classic extended wave 3 target & we could get more of a move up as part of a wave 4......

Key area this 763-764...

The thought did cross my mind to sit back in BGI for a few years while the powers that be try their best to "curb" speculative trading...... We'll just have to see :)

Close out as in bar price action :D ie the bar closes below the ALT so the bar is not a shadow.... They have a habbit of "shadowing for stops"

GC is around its lesser -40 ALT's eric... :) If they go,( close out) then yes things are changing & the next higher alt is the -90 (which I'd like to see a crack at ) ... :)

Conceivably we could get Down to 1600 (INDU) the ALT .....Of a larger degree 1:1... ( or a ratio of the last ALT) Monthly INDU...:eek: :D

They did just that :) some ratio's for wave 5 in relation to wave 1 in addition to Mikes 1:1 :) Its around its 61.8% at the moment...

Pesky ALts.. :) Bears will be just seeing a wave 4 with an alt & 38.2%... The 4 could be come more complex due to wave 2 looking sharp.... so this move back down could turn into a lesser "b".. 3 waves into the Alt means Flat a so the higher fibs come into play ie 50% upwards for the...

Another vote for Opera :)

grrr.. 3.5 points of the model close low price :) Anyway, feels like its been a busy week even though its be a short one... Time to see you all later at that bigger bar ! :cool:

:cool: :)

Time pressure... They pushed price pressure to that 94.1% ( the model gave a target for around 776-774 for a closing today...)

I'd like to see a strong close :)

Well done Mu, Just seen we've reached another mile stone at 941 pages !!! (94.1 for the fib counters root 88.6) :) ! Usual suspects on the way back up..... 60 min ES :D

Agree Mu :) i'd still like that gap closed from this morning :eek:

Thanks Mike i'll take a look :) Speaking of GC looks like it wants 1022 area from that revised count.... http://www.elitetrader.com/vb/attachment.php?s=&postid=2312131

Yes the "box" we use spat a out dual frame momentum turn.... They often work as an early turn signal...Not this time :eek: :) The 3 frames are best like we had yesterday at the break of that 786... 61min :D