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Looks like its stepped up to the w-x-y as ed pointed out earlier...:) 1:1 is that 896 frm this mornings chart... 120min Globex

Hmmm they deffended the 50% well... Might have to change on to the triangle Y option Either way that 78.6% around 872 will worth watching above that then it try for c's high. 15min ES

Looking better :D Min target should be the 1:1 @ 837.5 Globex hints at lower but its a good place to start....

:D Elliott speak does seem to get peoples backs up from time to time for some reason....must be obsinities to the indicator crew :D On it last chance ALT -10.5 at the 865.25 area... Once that goes then the bulls should bail...... 5min ES

The key 876/7 area on the ES Above that then things are changing to that w-x-y... below it we still have the C wave in play... 5min ES

That my ALT ed, if it gets back above 881.50 on the Globex, it would mean the iv has morphed into a w-x-y iv with today being the a-b then c waves of the y. But until it proves otherwise I'm still leaning on todays action being part of the wave V (a-b-c) wave "a" this morings sharp move down...

Looks like your finding those ALTs useful elo ...:) It just busted it last 6.75 on the day session ES so the best the bulls can hope for before new lows... is it wastes time in an a-b c with this move below the last ALT being the b wave.. If they carn't the move should be swift ..:) 5min...

Did they get hit hard with VW this morning.....

Sound like Australia ? EDIT... Bit off on my Geography then..:D Very nice... The F1 looked great in SIN :) There seems a few regulars in that part of the world elo , Mu ?, QV ...

Handy that EW :D 1:1 is @ 814.75 needs a 3 wave pattern for a "v" so (a-b-c) Seems like a lot of US based funds were hit hard this morning with VW's crazy moves...

Thanks ED I thought you might be.... or you were taking a well earned break in the caribbean :) ..... I know I'm looking foward already to my winter break....:D

Looking better :) 120min

Agressive bears (me :D) will be looking of a completed C wave into that 78.6% for a run down for the vth to new lows.. Needs to overbalance the last ALT of -18.5 (863) inorder to confirm this... If it carn't then will get one more push higher as part of a larger w-x-y... traffic lights :)...

This move up this morning could very well be the "c" wave of the iv and we had a sharp b wave sell off yesterday afternoon. Stalled at the 78.6%.... It could push for the 1:1 with a @ 896 which would be a gift for the bears, but if it breaks the 864 then the odds favour c is complete at the...

Those Simple bar patterns that people often miss.... Well the bulls are keen this morning on the hope that the vth finished early....& whats happened to the DAX this morning with VW. Pattern feels a little tight for a completed wave set ? End of a wave iii would look better and up as part...

Yes I do like the MM around that area.... :) I remember chatting about it a few fridays ago with regards to the popular triangle count at the time.. http://www.elitetrader.com/vb/showthread.php?s=&threadid=101387&perpage=6&pagenumber=646 EDIT Just need to double check my data's spike...

Thanks Mike :D Targets are always at least 123.6% ext of the last swing up lengths. So 808.75 should be the first line eyeball on the Globex Always have to be on guard that were not counting to fast though......

It was in the charts :D :D Elliott Waves and all that voodoo.....

It could always be the "chart reader" is at fault rather than the charts themselves......?

Well , well, well :D Not techincal at all these markets.....!! Handy that EW when it keeps us on the right side of the market for both the morning trade & then the afternoon one ..:) Hope people enjoyed today.....