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Different count to sg_ccw's :( , but same conclusion :) . Irregular correction might have been completed but it took longer time than expected, so I up the count one degree. Next measured move up to arround 12000, 1300, 2420 :D . But what will drive the Market up :confused: ? No magic bullet...

Wave V near measured move now :) . Wait for a rebound, but no buy signal until resistance trendline is broken :D .

There is no Bull Trap because the resistance trendline is intact. Sell signal is the support trendline break down. My wave V was too short so it is not complete. Next -50,-5,-10 points down will be a measured move in the Dow and NASDAQ, but not SPX. So what :confused: ? There may be a...

Beside divergences between the Dow and SPX & NASDAQ, there are divergences between the Dow and MACD & RSI, so the Dow may rebound soon :) , at least temporarily :D .

Please stay focus on the Market :) , be open-minded :D and avoid criticism :mad: . Or else this thread will be like many other threads :eek: .

There was wave V as expected in the Dow, a wave V failure in SPX and NASDAQ. The latter shows r-sHs pattern, so it may lead the Markets up into wave .iii, to 4)c= 10828.0303 1200.4399 2167.29 .i= 11558.8604 1266.92 2320.77 .ii= 11325.2598 1251.48 2278.97 .iii?= 12056.0899 1317.9601 2432.45

Today move looks like a triangle of wave .ii:ãIV :confused: . The support trendline of the triangle is broken, may be wave .iiãV is on the way :( . This may be a Bear Trap again :eek: .

This is my opinion, Xuanxue :) . Mu. There was no wave five :( , so it may be an irregular correction :confused: . We may be in wave .ii:ãV which may turn into wave .iii at any moment :) . But wait for trendline break as a buy signal :D .

Trendline Break :eek: . What's next? :confused: Wave five failure?

So there was that some more naked shorts which took the Market lower, then there was a new high as expected :D . Now we are in wave :iv, there may be new high again today :) before a set back :( .

Thanks sg_ccw, ammo, elovemer, Landis :D . Mu. I think the Market needs some more naked shorts to jump higher :) . But the timing is quite right for a new high.

Mup, Landis, elovemer, and so on ... We have 3001 replies, 501 pages, 102,408 views :D . Mu.

Two days rest may be enough for the Market to gather enough strength to ride Mup's waves, upward :D. But there is still some caution to be made :confused: . Since wave .ii is too short it may be just wave .ii:á and wave .ii:â and wave .ii:ã may follow. Wave .ii:â may be a Bull Trap to...

sg_ccw The three waves in the last ten months can be a 1-2-3 or an a-b-c. If March 17th, 2008 low is penetrated, it is more likely to be wave one after a-b-c than wave four after 1-2-3 although we can not rule out the subwaves of wave 3 of the incomplete 1-2-3. Mu. BTW, Resistance Trendline...

The Market does not want us to know that it is not in wave four.

New low :eek: . A measured move to go :( .

Supporting trendline is broken :eek: . What next? :(

sg_ccw NASDAQ is forming a not-so-perfect reversed Head and Shoulders pattern. Mu. Edit: 12:10 PM Note: NASDAQ has reached the 40 points target. Thanks Xuanxue. Mu.

The Market may fall back into a trading range, which may form the right shoulder of a r-sHs.

There is wave :v and it is forming an ending diagonal. Next new high may be a Bull Trap. But the pull back to wave :iv may be small, 200, 20, 40 points. Supporting Trendline break is a sell signal. Buy back near wave :iv when there is a higher high.