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Slow day if it is a triangle... C wave of a flat would be more entertaining..:) 15min ES

Hi margo_trader I would start with R.N. Elliott's Masterworks http://www.amazon.com/R-N-Elliotts-Masterworks-Definitive-Collection/dp/0932750370 Then *Prechter's EW ( forst did most of it)...

nice link Xuanxue :) If it does Morph into an ED it will be another gift for the bears as the natural down side target would be the start @ 1210.5 on the ES. I'll scribble the pattern on a 5min ES.

I like the look of w-x-y pattern "a" wave finishing at this mornings high. Hence my downward bias for this afternoon as part of a larger "b" of an Expanded Flat that we saw before , (it could have an extended C wave).. Another option that would waste time on OE day would be a triangle...

Just a little food for though on the weekly CL #F for those talking heads on TV who say oil has topped out for good... We could easily get a (9) wave III if things go pear shaped.... :eek: The best the bears can hope for is we just finished a simple (5) wave III and now in the IV...

Thanks ammo...:) Looks like GOOG wants at least the $334 area on the weekly...?

Pushing its limits as an EXP flat, if it goes above the 123.6% (1263) then odds go onto Mu's 5th ... 15min SPX

60min SPX

Looks that way & a flat or Triangle would fit a move back down after lunch, that I'd like to see as either a wave 4 or larger degree B.

Thanks Freddy & ammo On USO I'd like to see the $98 area hit..:)

Its good that we've got a few more posters on here :) When Mu first started the thread off , we'd be lucky to get 3 views on a chart now its 20+ :eek: It seems to have really picked up in the last 3 weeks or so, did a link get posted somewhere ?? Be interesting to know how people...

That 1258 area proved useful.. :) The Globex has completed a lesser 5 wave move up on the 120min into that 1258.75 high... So we could get a more protracted down move to the 1239 area if it overlaps the A point high (1246.25) labled on the Chart... Just have to keep an eye on it :)...

15min ES 1255.5 area is the 161.8% & 200% @1258 thats labled on the chart..

Daily USO

Update on the 60min SPX A move back to the 38.2% @ 1292 would fit either the (B) or a wave iv... Last correction was a flat so, maybe this move will sharp Zig-Zag with alternation...

Looks like Its come in on time :eek: Nice call on the price action going into the measured move low btw QV :)

Pattern becomes incorrect a close above 1239 (ES)

Looks like it :) You could also label it a triangle "y" wave but thats getting a little complicated so an ED will do for me :D were in the 5th now going into that 61.8% or may be the stops just above... 15min ES

If it gets back above the 1234 then the pattern morphs into a possable ED "C" going to the 61.8% I'd like the 88.6% lead as you get real sharp moves of them, but I'l switch on to the ED if it wants one more high.. 15min ES

Chart might help :D Elo will defo see possable ratio pattern :)