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Yes the best thread on ET :)

Looking a little better... I've lablled the chart ( instead of being lazy) so people can see the full count...

A lesser ED option into that larger 1:1 around 726 120min Globex

Got there and more beside :D good call :)

Next stop 726 then... 90min SPX ED chart...

That weekly SPX Chart 2002 low... 766.63

Getting close to that larger 1:1 @ 766 Throught that so 726 next magnet.. http://www.elitetrader.com/vb/attachment.php?s=&postid=2186210

We right in that inverson zone now.... so a c wave could be on the cards if it can not close out that 785... Could get pushed to the 1;1 @ 775 below that then the inverson looks less likely 5min ES

It could be part of one yes :)

The Blue line as in the Measured Move into 775 ammo ??

Bit of Delta... if a higher frame is in then price needs to trade be low that last swing low point of 785.... However today is an Inverson point so if it fails to go below that 785 then its saying the point is not in and we could morph onto a larger a-b-c to get one more high.. 5min ES...

First target on the way back down is the lesser ALT on the way up.... It comes in at 797.5 also with a 50%... if that holds then the bulls will have another shot at a new high... If it busts it then its good night irene...

Got to that ALT :) Key area for a run back down.... 5min ES

Handy that EW we had the move before the news .. :) ) http://www.elitetrader.com/vb/attachment.php?s=&postid=2186439

Thanks ed... ! :) Just about to post that Measured move into the ALT ... Mu has it covered..... :) So a closer look on the 5min ES

Thanks elo... :) Its a good example of those (1:1) measured moves again.. :) ATL back up comes in around 818.5... Below that ALT business as usual for the bears .... Above then things are changing... 60min ES

Useful that Gann :) Updated on the fatal 4th chart with the next two Measured move target points that come in around 766 & 726 just incase this move into the 775 is only a lesser wave 3... 240min Globex

Got there :D :D Not Technical at all.... :eek:

It is a useful site that ammo, even if its part of EWI :D If people just get the basic names of the patterns suchs as Flats, Zig- Zags and of course Ending Diagonals it should make understanding a bit more manageable... From that we can go even more basic to measured moves (1:1's) and...

nicely done ammo