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I guess this is not a proper way to call a TOP :D . Monday may be a .i-.ii-.iii:i or an a-b-c :confused: . The former may send the Market a little higher :) , The latter may send the Market to Landis' 738.31 target :eek: .

A higher high :) . Some more room to go. May be two more small measured move of five-waves :D .

This morning's low, Mup's 813 target, was not a good place to sell, as expected :) . Five waves UP, three waves DOWN and five waves UP . What's next :confused: ?

Thanks blnbr :) . Glenn Neely's method needs less changes in the counts, by allowing the corrective wave to go a long way in the trend direction. mu.

Sorry ed, The low before the last low was not quite a Bull Trap :( , because the preceding rebound was larger than expected. mu. Next one may be and there will be a rebound from Mup's 813 to Wave iv :) . Then there may be a measured move DOWN to Landis' 738.31. The DOWN move looked...

The Bears won, the battle ended at the Line of 50% Retracement, as expected. There may be a rebound to 900 and 1000 as Wave 4)c :) , or a continued DOWN move to Landis' 738.31 target :( . Who will win this War :confused: ? UP volumes lower than DOWN volumes. "As goes January, so goes the...

Next lower low may be a Bear Trap at the Line of 50% Retracement :eek: . Edit: Note a measured move :) . There may be no Wave v :confused: .

Thanks Mup, ed and blnbr. The Bears are pushing DOWN to the Line of 50% Retracement mu.

There was near +30 points UP as expected :) . It turned out to be three five-waves UP or a bigger five-waves and an even bigger five-waves :D . There may be a measured move UP if the Bulls can defend the 840 level or the Line of 38.2% Retracement :confused: . Mup pinpointed the High again...

Update on the Trench Warfare: The Bulls won and managed to push the Bears UP to the Line of 23.6% Retracement :) . The Bears regrouped and pushed the Bulls back DOWN to the Line of 38.2% Retracement again :D . The Bulls' next targets are 920 and 1000, the Bears' next target 750.

Happy New Year ed, Landis, elovemer, blnbr, Mup .......... Will "a buy-the rumour, sell-the-fact reaction" or "Sell on rumour, buy on bad news" work this time? :confused: . What's about sentiment? And VIX? :confused: . I may not be able to post for four days :mad: . mu. Earnings, economy...

It looked like a Trench Warfare between the Bulls and the Bears. Bulls' territory was below the Line of 61.8% retracement. Bears' territory was above the Line of 38.2% retracement. The Bears pushed DOWN, the Bulls pushed back UP. The Bears pushed DOWN again, the Bulls managed to push back to...

The last three turned out to be a five :) . There may be a measured move of 300, 30, 60 points UP :D .

Seven threes : 3-3-3-3-3-3-3 :confused: . The second red line still holds :) .

The worst case scenario: We are going DOWN as Wave 5)3 :eek: . The Red Lines will be the first and second SELL Signals :) .

Interesting Fibonacci's ratios :) .

So it is a contracting triangle as ed's foresees :cool: . Edit: A Bullish alternative :confused: .

Oh yes! A higher high :D . Edit:01-23-09 01:59 AM Next UP move will be the fifth wave at measured move :eek: . Then we will see if it is an a-b-c or 1-2-3 :D .

Five waves UP just after last post :) . Will there be a measured move UP :confused: .

The market continues DOWNWARD move :( , so the previous wave should be Wave 5)2.c:5 :mad: . Note an ED :confused: .