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Try again with GC #F....:) To early last time.... Gold futs has a large 1:1 around $878 area for the bears to attack... Above that then were impulsing, and new highs must be considered, so a nice line in the sand to work with... 240min GC#F

Thanks elo, :) Made me smile this morning reading the Vadim Pokhlebkin EWI note on the Euro & Triangles... http://www.elliottwave.com/freeupdates/archives/2008/12/16/EURUSD-Forex-Here-Comes-The-Storm.aspx To quote : [/b] Just highlights what Bolton said why back in the 1950's that...

Above that line in the sand so New highs above that 918.75 is on the cards .. http://www.elitetrader.com/vb/attachment.php?s=&postid=2222263

That 1;1 line in the sand the bears will be looking at ....

EUR #F has some extentions :) 141.4 area is the 161.8% ext for a wave (3) target... 120min EUR # F

Usual line in the sand with the 896/897 area Bears below - Bulls above :)

As always I'd perfer the Bear option...:D Elo highlights the fact , that a downside breakout would catch the most people out.....

Arguably the most influential Price action work was penned in 1938 and published in a series of articles in Financial World magazine in 1939 by a certain MR Ralph Nelson Elliott ! Also works of Gann such as the Truth of the Stock Tape (1923) & the more esoteric Tunnel Thru the Air (1927)...

Hmm 5 points short.... Not to worry... Bouncing of that channel , one for elo :) Looks like the 7 wave abc-x-abc is on the minds of TA traders (posted the w-x-y on friday) http://www.elitetrader.com/vb/attachment.php?s=&postid=2218612 15min ES

Is 850-845 area next ? :) 5min ES

New lows :D

Update on that 120min Chart... While its below 873.75 the odds favour another wave lower... Above that 873.75 then a simple abc into the 50% become a very real option...

Agree Mu... That last alt of +10.25 will be a big clue.... Above 871.5 then things are changing....below the bears are still cracking the whip as part of the wave 4 on the last 120min chart for new lows in the afternoon 5min ES

Good stuff elo :) Still busy here finalizing a few things before its off on vacation to the beach.... :eek: :D One for the bears on the 120min Globex...

Thanks ammo they left it late though .....:) ) Have a Good weekend everyone!!

Early finshish for me , its been a busy week :) That 1:1 would be nice for the wave structure....

New HOD 894.75 1;1 or is that a little optermistic?

Might be totally off base but tthe delta seems to want a C wave back up for a new HOD... From this messy double down zone... Could be me upside down though.....

Stalled out at the 61.8%...

Chart for that last post.... Were in the bail at break even or double down zone at that 50%... The double down players have a habit of winning these last few weeks....