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Nope on that lesser ED.... normal 5 lesser waves there selling..

Could get sloppy with an ED 5th see what to think.. 5min ES

Handy that EW :D update 5min ES ---------------------------------------------------------------------------- Thanks Mike just seen your post :)

Hi Pa(b)st & welcome Sounds about right with a 5=1 @ 973.75 area ..:) Also Wave (3) stopped on 150% ext so the 200%ext would square things up around 977.5 if it goes a bit higher than that 5=1 eyeball... Is that new highs I see :D

Hit that 78.6% @ 926 Could be on its way into the (5)th for a run to new highs Needs to clear the 61.8% (944) back inorder to swing the odds in the 5ths favour 5min ES

update :) For the wave (4) On a side note... It doesn't have to go all the way to -38 ...always keep an eye on how it behavies around the ratio's such as the 61.8% & 78.6% of that last -38 ALT @ 932 of the 61.8% & 926 for the 78.6%.. Always easier if it goes go 1:1 but something to...

Thanks elo, Its suprising how the simple stuff works well to help with trend & degree... :)

Update As long as the pull back is less than 38 than we can label it a wave 4 & we then go higher for the 5th... if it goes below that, then things change .. we just fip to an a-b-c count into the high.. If it corrects less than -17.25 the were going into an extended 3rd.. of a least 7...

The 161.8% ext is around 958.5 on the ES would fit a w3 target.. Looks like elo has a 127.2% around there also on his chart... 5min ES

Chart of Goldman Sachs. Always a popular stock, Buffet may want to off load some if it gets back into the $120-30's... Daily GS

The ALT's i'm keeping an eye on are the -17.25 & the larger -38... 5min ES :)

A look at the bigger picture... I've not posted this for a while my favoured triple 3 waterfall pattern. Not to scale just to give the general idea.. For all for all intents and purposes its the same as saying were in a wave 4 which people understand better... :) Just put 1, 2, 3 4...

I agree this is the best thread on ET :) Its great because there are no ego posters ... Theres nothing worse than EW couters who get locked in to their count views due to their own personal ego. No bias here just a good exchange of ideas :)...

Looks like Art was also after a sharp ED wave v going into that key time pressure date :D Interesting that it highlights, the likes of USB floor traders keep an eye on Elliott Wave...

Yes end of the 3rd on the weekly so in to the 4th now or as Mu points out we could be already in it... Mu had the bull lean this morning :) :cool:

Hmm my first post this morning and it seems it was me counting to slow........ 120min SPX

If we get much above the 38.2% the the failed vth count becomes a very real option... Interesting to see how we close.... 120min SPX

38.2% is around 920 on the SPX...

The larger 38.2% is also just above @ 917.5 So we have a nice wave iv zone... Pattern is now starting to look far better in proportion for an ED.... Sets up the option for dispointment with the FED tomorrow... 120min Globex

Got to that key 896... Looks like it wants to try for the 50% @ 909 on the Globex.