Ewj: elliott wave

hi all

today i take spx cash index, instead es futures
spx_20080703_170312.gif
 
We like to look outside the box as usual so that triple Zig-zag is still an option that I like, due to most having the simple 1,2,3 count with this move up being part of the 4.... Not many would expect a new low again...

60min SPX :)
 

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The Worst Case Scenario comes closer and closer.
There may be another wave :v and another bigger wave v, which will lead the indices to top of the supposed wave 1) at 10627, 1156, 2140
Quote from mu200411:

Worst Case Scenario.
We are looking down from the top of Grand Supercycle wave V], Supercycle wave V), Cycle wave IV (which began in 2000, 1990 in Japan), Primary wave b].
If the next rebound, c]1)3.4, from ending diagonal triangle, c]1)3.3:5iiiiiiivv, can not cross the resistance trendline, Minor wave c]1)3 may be confirmed by a low below March 17, 2008 low.
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Quote from Mup:

We like to look outside the box as usual so that triple Zig-zag is still an option that I like, due to most having the simple 1,2,3 count with this move up being part of the 4.... Not many would expect a new low again...

60min SPX :)
More...

@mup, are there good background reason that you like tripple zigzag scenario ?

thanks
 
Hi QuangViet,

Some of the lower degree wave patterns seem to be a little more corrective than I would like....

I carn't rule out the mainstream 1,2,3 now in the 4th, As I could force the corrective overlaps "to fit"...

It just niggles me that most EW's have the 1,2,3,4 count....When everyone seeing the same thing, then the odds tend to favour it being incorrect...
 
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