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Yes Mup. As said before, Subminuette Wave iv should take about one to two day to complete, Subminuette Wave iv may turn out to be a Flat or Irregular Flat Correction, and the last move up may be Microwave iv:ã which should comprise of five waves up to Thursday high.

Stop out again. Wait to re-enter short at measured move.

Head ans Shoulders pattern?

Wave count a-b-c, lower low, re-enter short position. Set stop at the last high.

Stop out. Wait for another sell signal. No long position.

Target reached and there is a lower low. Close long position, open short position, set stop at the last high.

Position reversed at target 250,25,50 as said. Prepare to reverse again when there is a lower low at target 100,10,20.

Thanks Mup. I have Genn Neely's book. But I stick to one system of numbering or else it will be too confusing. This site use Genn Neely's system. Planet Yelnick Commentary on politics, technology and stock markets guided by Elliott Wave principles...

Buy and Sell Signals on November 8th, 2007 chart. Status. Position reversed just before market close at the target, i.e., end of Microwave 4)c.1:3iii.iv and there was a lower low. Scenario 1. Futures point to a lower start. Strategy 1. Hold on to short position for 250, 25, 50 points...

A closer look at Subminuette Wave 4)c.1:3iv.

Overnight USD/JPY dropped to 111 with the Dow down. Is this Yen carrying trade unwinding? :confused: A chart of Subminuette Wave 4)c.1:3iii and iv is attached. If Subminuette Wave v is equal to (13669.4004, 1520.27, 2825.47 - 13080.8701, 1450.76, 2653.6201) Subminuette Wave iii which...

A measured move up from here will bring us to Landis' target at 13220, 1468, 2820, which can be both Subminuette Wave iv or Infrawave iii.iii:iv. Plan to reverse position near that target when there is a lower low. Set stop at the last high. Target 70,70,14 points down move or 250,25,50...

Critical Moment. Another 200,20,40 points down move in the making. If today low is broken.

Five wave down. Landis may be right. I'd better prepare to be stop out and short again if the last low was broken.

SPX Microwave .iii is a little bit shorter than Microwave .v, unless Microwave .iv is a triangle. So Microwave .iii may be just Infrawave .iii:i of Microwave .iii, then we will have Infrawave .iii:v today instead of Subminuette Wave v tomorrow or on Monday. In that case we will have another...

Set target at end of Microwave iii.iv. Reverse position when there is a lower low near target, then set stop at the last high. May take one or two day to reach target. Try to avoid whipsaws.

A second higher high, a second buy signal. Good Sign.:)

Reverse position again, because a higher high. Hope this is the last time. May be, may be not.:D

Expect last move down as wave 5 of a descending wedge.

Long stop out, reshort. Whipsaw again.:(