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Great call on the possable 3rd wave yesterday (and before) Mu ! :cool: lesser v=i comes in around the 1393.5 area with the 261.8% extention just a few ticks below.... so it will be interesting to see if there is any reaction to it .... Quick 5min ES scribble...:)

Pretty much last chance saloon for a Corrective pattern.... Other wise Mu's ED is spot on :) 5min ES...

Which would fit with an A-B-C.. 5min ES :)

Today could be "late throw"11am morning low ... Then a Lunch time high.....followed by another low in the afternoon.... :)

Hi ammo... Alts are used like traffic lights for techincal traders...For a trend or wave degree to say in tact the corrections or Alts must be the same or less.. If the corrections start to overbalance ( gann term) ie go over the bench mark.Then the trend is changing or in EW terms, were...

Most will see this mornings mark down a "Sharp" wave IV..... But we like to think outside the EW box on this thread...:D We'll see how we get on ....It just worth making a note of the warning flag, that overbalanced Alt ..... The "main stream" Bull count on the Globex 120min :)

Mu's covered the Bull option...:D I still carn't rule out that yesterday was a "c" wave to finish of a larger "B" especially now that it's overbalanced that -7.5 ALT... 120min Globex...:)

Handy this EW Thread :D

Thanks Mike! :D

That gap close would also equal a (5)=(1) While its holding its Alts, it keeps the bears from getting too interested... 5Min ES :)

Update we could be in an ED C wave to finish of the wave (4) ? 5min ES scribble...:)

Quick look on the Globex, reveals a possable bearish 1:1 a-b-c pattern into the 50%.... The ALt on the Globex is -7.5 so it needs to overbalance that ie, close out below that 1350 level inorder for it to come into play as the alternative count... still perfer the bull lean of a wave (4)...

5min ES scribble on a eyeball count... Looks like its going to be a trend day finishing of the wave (3) then wave (4) through lunch before commencing the (5) for the afternoon.....50% is 1357 & the 261.8% ext of wave (1) comes in at 1359... :)

Bumping around its 38.2% on the ES... Bench mark Alt is the -5.25...so any correction needs to be over that figure to change the degree to get any interest from the bears.... There's a Gap close at 1363.5 .... 5min ES...:)

Like the chart attachment name Mu !! :D

Crafty double Inversion it is.... This is a key bit of info if people are fine tuning their short term delta...

Might be getting somewhere now....Delta hints at down into the close unless we've had a crafty double inversion ie the last point and the frist points both invert...Today is an orange day which is cycle day 1 :) 5Min ES

Looks a little steep a retracement now for it to still be in the the 3rd??...more like a 4th? the ALt at 1336.25 is the key point... for the pattern... 15min ES :)

A closer look at that possable ED posted a little earlier... http://www.elitetrader.com/vb/attachment.php?s=&postid=1884054 We could be still in the 3rd wave of the pattern..... with "a" wave being this mornings move lower & "b" this lunch move up. So we could get the C moving into the...

Handy that EW :D Possable ED pattern ??? See what you guys think.... 15min ES :)