The second small measured move had unfolded as 13-waves where the 13th wave is not yet completed :) .
The last measured move may end near Wave 5)3.4's end at 7350, 773, 1441 which is 164, 21, 14 points away from Thursday's high :D .
This may turn out to be a Bull Trap at Landis' 775 target...
The Market went DOWN then UP as expected.
The first small measured move is reached :) .
There should be three small measured moves :D .
The red lines are the stop loss levels.
There was an extra wave which could be the fifth wave of Wave 5)4.a:a :confused: .
So there may be another move DOWN to near end of Wave 5)4.a:4 :(
before a big rebound as Wave 5)4.c to end of Wave 5)3.4 :D .
Wave 5)4.a:5 might have ended just above Wave 5)3.5:4 :) .
We are going DOWN as Wave 5)4.b :eek: .
After that may be a rebound to Wave 5)3.4 :D .
Note Fibonaci rations:
Wave 5)4.a:3-:4-:5 = 2*Wave 5)4.a:1
Almost all targets reached again :cool: .
A gap UP open should touch the target :) . A set back may followed.
Then another run UP to the second target :D .
Note: 1.618 Fibonaci ratio move.
Set back to Wave 5)5.a:4 should be expected. Set back below Wave 5)4.a:1 is no good, may require a...
There may be another measured move UP as fifth wave of Wave 5)4.a to end of Wave 5)3.5:4 at 6972, 723, 1369 :) .
Wave 5)4.c may go UP to end of Wave 5)3.4 near 7350, 773, 1441 :D .
Monday's DOWN move looked more like a triple Zigzag than a 1-2-3-4-5.
Last hour's UP move looked like a 1-2-3-4-5-a-b-c-.1-.2-.3-.4-.5-.a-.b-.c .
There should be another 3-4-5 which will confirm the "W" pattern :) .
A larger MM is still possible :D .
Note: 300,000th view passed.
Thanks Mup,
We all did this.
mu.
The OMEN 666 target touched :cool: . 1270 was 1.5 points too short. The DOW was a bit weaker than expected.
Symbol Last Change % Change High Low Volume
DJIA 6,626.94 +32.50 0.49 6,755.17 6,469.95 425,166,780...
Can 12 points UP and 44 points DOWN be called a Bull Trap :D ?
Fifth of Fifth of Fifth wave, Wave 5)3.5:5v has shown .iv subwaves :) .
Next move DOWN should be a Bear Trap :confused: .
Thanks elovemer :D ,
mu.
Re-count, we have to :eek: .
The reboung went UP to 709.59 then headed DOWN to 695.53 = 14 points profit :D .
There may be another 350, 45, 80 points drop, but futures are UP +120, +12.5, +18 points :confused: .