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The DOWN move looks corrective :) . If the resistance trendline and level are broken, another measured move UP is more likely :D .

Looks like a 5-waves UP to 38.2% retracement, then a correction. There may be another measured move UP :) .

A little bit bigger than measured move UP as expected :) , and fifth wave count. Some correction soon :( . Wait and see if this is a-b-c or 1-2-3 :confused: .

Five waves UP, three waves DOWN :) . There may be a measured move UP :D .

So our Bull Calf Trap of 100, 10, 20 points, had turned into a Bull Trap of 340, 40, 70 points :eek: . The expected wave five didn't show up. The DOWN move looks impulsive. Wait for 1-2-3-4-5 UP to signal continue UP trend.

As long as SPX stays above 835, Wave 3.1 as a Leading Diagonal Triangle is viable :) . Below that less likely :) . Below SPX 780 Wave 3 count is obsolete :mad: .

There is no wave five as expected :eek: . The correction is bigger than expected :( . There is one more wave than a ED allowed :mad: . So this may be the end of Wave IV]C)II :) , and we are going down as Wave IV]C)III :D .

Hi Mup, We have passed the 333,333, a third of a million views, mark. mu. The Market may move UP to target 8225, 886, 1700 :) . There may be some set back to 8088, 865, 1656, to complete the confirmed "M" pattern before the UP move :( .

Thanks ed, for more wave 5s' descriptions :D . mu. Thanks Landis, for the good reference on ED's and LD's :) . mu.

So Wave 3.3:3iii ended right on target of 875 . After the 100, 10, 20 points correction there may be another measured move UP to 8225,886,1700 :) , if there is wave five as expected :confused: .

Next lower low will be confirmed by the moving average crossings.

Wave five is treacherous :eek: . Sometimes it extends, sometimes it fails, sometimes it doesn't show up at all :confused: . This time it extends :) . Next target may be 875.

Fifth subwave of fifth subwave of fifth subwave of fifth wave :) EWers exit here for a 100, 10, 20 points correction :D . MA signal will confirm later.

The correction is to deep. Next higher high will be fifth subwave of fifth wave at resistance level :eek: . It may turn out to be a Bull Cub Trap of 100, 10, 20 points :( .

"Breaking UP is the right thing to do" next :) . But Mr.Market doesn't like to do the right things :confused: . MA's signals are good confirmations. Our target, 8225, 886, 1700 is near :cool: . There is one or more wave UP left to complete the count :D . Symbol Last Change %...

So we got our measured move UP :cool: . After this set back there may be another measured move UP :) . 25sma and 50sma crossing is too late.

Five waves UP, three waves DOWN, five waves UP :) . There may be some more 5-waves UP :D .

ed, Moving Averages smooth out the waves, making it easier to count :) and miscount :eek: . Moving Averages's signals come late :( , but they may be useful as a confirmation :) . Get out of position at the end of fifth wave, get into opposite position at moving average crossing. In wave two...

Wave 3.3:3 is more likely now :) . Measured move target = 8225, 886, 1700 . There may be no Bull Trap if Equity Put/Call stays below 900 like the period between Nov 2006 - Feb 2007 :D . http://www.indexindicators.com/charts/sp500-vs-put-call-ratio-equity-20d-sma-params-3y-x-x/ Wave 3.3:2 may...

The Market is choosing between a measured move UP and a measured move DOWN :confused: .