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Wil the Flat Correction Pattern holds :confused: . Or it is a very very very Big "M" pattern :eek: .

Too bad, the resistance trendline holded :( , with five wave DOWN. We may be in Wave 3)5.1:1 . Expect DOWN wave equal to Wave 3)3 or Wave 3)1 :eek: . If this count is correct next rebounds should be short.

It looks more like wave 3)3.4 than wave 1)1.1 (now confirmed :), it takes a long time to draw a picture ) . Now we have to consider if it is wave 3)3.4:c or wave 3)5.5:2 :confused. The resistance trendline and the resistance level may help determine the outcome.

Landis got the nearest low at 965 :cool: from where a 500, 50, 100 points rebound began. Today may be either wave 3)3.4 or wave 1)1.1. Take care :D .

New low and fifth wave near measured move. May be a rebound soon :) . SPX 950.

The rebound faltered. The expected measured move may still be in force :eek: . Until the resistance trendline is broken :) .

We are at round number in SPX and wave 3:1 ratio around 1.618. The 1000, 100, 200 point of wave 4 may come around soon :D .

The Big Picture, the Cycle Wave IV. Dow = Irregular Correction. SPX = Flat Correction. NASDAQ = Zigzag Correction. Not too Far Away :D .

Thanks, Mup, for the chart :) . Mu. 60% of the expected rebound reached. 9525.3203, 1007.97, 1777.02 10117.5, 1072.08, 1886.35 592.1797, 64.11, 109.33 There may be another leg UP from 9869.8799, 1040.4301, 1841.22 to 10462.0596, 1104.5401, 1950.55 :D . IF not expected a measured move...

At this point we are expecting a 110 points rebound :) . The problem is when :( and from where :mad: . May be 1165 is a good starting point :confused:

This down wave is very strong because it is the third subwave of the third wave, i.e., Minor Wave 3)3 :eek: . See you at Dow 7197, SPX 768, NASDAQ 1108 :D .

Now +39, +8, +4. What's happened :confused: . The House rejects the bill again :eek: ? No! House passes bailout After a week of wrangling, lawmakers give final approval to historic $700 billion bailout By Jeanne Sahadi, CNNMoney.com senior writer Last Updated: October 3, 2008: 1:37 PM ET...

Bad sign :( . +300, +39, +70 -> +114, +19, +33. Looks like a five waves pattern with an outsize wave four again :eek: .

The World Market had turned south as said. http://www.elitetrader.com/vb/attachment.php?s=&postid=1785250

Congratulation, Mup :cool: . The low is confirmed.

Wednesday high in the Dow, which looked like the fifth wave, should be explained by an Ending Diagonal.

It's time to make a call. THE WORST IS OVER :) . Again :D ? Yesterday low at 1111.43 may be the end of Primary Wave 2] as a Wave .5 failure. If there is a new low, it must not go below 1095 to keep the ED count alive. The House can help this count come true by removing the toxic waste from...

The rebound +70, +9, +11, although a little bit too late :( , shows five subwaves :) UP and there subwaves DOWN, so there may be another five subwaves UP +70, +9, +11 :D .

Fifth wave of Wave c, :1ãv. The House decision should leak now and Wave :3 will begin soon. If not the Market may go as Mup's count :) . My wave form is not so typical anyway :D . EUR/USD=1.3795, Europe is selling :eek: .

Because Wave 4)c took too long, more than one year, and went down to deep, more than 20%, to be a Minor Wave, it may be and is qualified for a Primary Degree Wave, so I relabel it as Primary 2] or Intermediate IVc]1) . Wave five, :1v, came on time and of expected size :D . Wave iv ended at...