Ewj: elliott wave

[hollanders]

Thanks, I subscribe to EW & looked at a lot of lessons on where count begins.

 

[QuangViet]

yeah mup, i like your count

 

[mu200411]

It's time for the Market to decide again, whether to go UP or to come DOWN .
Stays above wave i top is good , breaks the supporting trendline down is a bad sign .

 

[ammo]

the new low at 1134 traditionally would be retested and possibly build a base before resuming an uptrend,assuming this is a traditional mrket

 

[Mup]

Quote from Mup
Now were at a key point for a move back down if it can not clear its 88.6% around 1221 on the ES
http://www.elitetrader.com/vb/attachment.php?s=&postid=2091111

Always have to keep an eye on those 88.6% they can be a very powerful signal

 

[ed]

Volume seems to be rather thin to be a wave 3 down...... unless my charts are failing me again....

spy 15min chart attached....

 

[elovemer]

78% on daily.... pretty good stuff

 

[ed]

...volume still very thin on the SPY 15min chart today.....

 

[ed]

Best case scenario on the SPX is an ABC till 1pm when the House makes it votes on the $700b plan.....

 

[mu200411]

The Market crossed the line then fell sharply .
Wave iii is equal to Wave i, next should be some rebound .

Quote from mu200411:
It's time for the Market to decide again, whether to go UP or to come DOWN .
Stays above wave i top is good , breaks the supporting trendline down is a bad sign .