Ewj: elliott wave

[Mup]

The trouble with these ED patterns is they have a habit of draging their feet in time and often catch us EW traders by being "one" wave degree out...

So there is always a possabity of one last move down unless that wave 2 high of 1346.5 get taken out..Just something to bear in mind

 

[mu200411]

The Market rebounds from measured move but there is no buy signal until the resistance trendline is crossed.
Because the Market has made new low, we have to UP the count one degree, so this DOWN Wave may be Minor 2.
It may be changed to Minor 3 if March low is broken.

Quote from mu200411:06-19-08 12:32 AM

....... The Market rebounds from support but there is no buy signal until the resistance trendline is broken.

 

[Mup]

If it holds around the 1336-34 area (61.8 & 78.6) we could start to label it 1,2...

15min ES

 

[mu200411]

The missing chart.

 

[Mup]

Quote from Mup:
....... start to label it 1,2...
http://www.elitetrader.com/vb/attachment.php?s=&postid=1963910

15min ES [/B]

Update

 

[Landis82]

Full Moon today.

 

[Mup]

Hence my Bullish views today with the Delta points..

Overlaps on the ES so at the moment I'll switch the lesser count to a-b-c ...

15min ES

 

[Landis82]

Quote from Mup:

Overlaps on the ES so at the moment I'll switch the lesser count to a-b-c ...

15min ES

DAMN THOSE OVERLAPS!!!
:eek:

 

[mu200411]

Transport and NASDAQ lead the way UP as wave 3.1:3.
But if INDU and SPX fail to cross the resistance trendline DOWN wave 3.5 may follow.

 

[Landis82]

Summer Solstice Stop-Out.