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Five waves DOWN :) . Wave five may extended :D .

If the last high is the end of Wave IVc]4) a lower below 896 will be a good SELL Signal :eek: . If the last high is the end of Wave 3)3.3 a new high above 930 may be a good BUY Signal :confused: . A higher high above 912 may be followed by a measured move of 15 points :) .

GM falls to 76-year low as execs sell stock GM (GM, Fortune 500) is headed for either a bankruptcy filing or an out-of-court restructuring that would wipe out current stockholders by flooding the market with new shares to pay off creditors...

Landis' Crude&SPX correlation :D .

"Mmm" pattern confirmed :) . Expected correction of 60 - 100 points may be in store :D .

Gap UP and new LOW :confused: .

The chart may be too big, so it cannot be attached :eek: .

Next high above 930 may be a good place to short when there is a sell signal :) . If there is no sell signal don't place a short :confused: , because it may be Wave 3)5 .

Next high above 930 may be a good place to short when there is a sell signal :) . If there is no sell signal don't place a short :confused: , because it may be Wave 3)5 .

Correlation between Crude and SPX as Landis said :D .

There are some divergences :confused: ; INDU, UTIL = new high. SPX = equal high. NASDAQ, TRAN = no new high. P&F Bullish Price Objective for SPX = 935. When the last Bear turns bullish the Market plunges.

Crude Oil: Fifth wave at measured move :) . There may be some correction soon :D .

Bears' last hope is no higher high :) , and a series of sHs, M and bigger M pattern :D .

I think Mr. Market is going to show his card soon :confused: . Next higher high (this rally) should not be faded. There may be a measured move UP :eek: . Just to be cautious and always keep an alternative count in mind :D .

I thinks there should be a correction of about 60 - 100 points for 2 - 4 weeks. 219, 70, 28 points drop today is a good start :) . This is not a Bear Trap. Hope Mr. Market doesn't think otherwise :confused: . Have a nice weekend everybody :D . Symbol Last Change % Change High Low...

If there is a lower low there may be another smaller measured move :) , which will end near the big measured move :D .

Wave 1)5.5:5 ends just below the 930 limit (929.58) :cool: . The DOWN move look very impulsive :) . There may be a measured move DOWN :D . Yes ed, Wave 5 is " :eek: treacherous :mad: ", sometimes it extends, sometime it fails, sometimes it doesn't show up at all :confused: . This time I...

The DOWN move begins to look impulsive again.

Wave 1)5.5 with subwave :1-:2-:3-:4-:5 cannot end above 930. It might have ended at 915.36 if it had no subwave. Symbol Last Change % Change High Low Volume Time DJIA 8,438.85 +28.20 0.34 8,504.64 8,403.00 202,202,622 1:10 PM NASDAQ 1,740.45...

It looks like at 1-2-3-4-5-a-b-c. .i-.ii-.iii DOWN is more likely than :i-:ii-:iii-:iv-:v UP .