Ewj: elliott wave

[Mup]

Yet more ED options

This is another ED Option incase it Overbalances its last ALT of +53. Its simular to the ED pattern going into the March low this year.....

Just something to be aware of, if things change degree so were not caught off guard and can adapt accordingly...

90Min SPX

 

[Mup]

Just hit the 50% at 882

The 61.8% has some more techincal pressure of a 1:1 going into it , so this pull back from the 50% could be more of a keen bear trap inorder to to get one more pop up into the 892 area...

We also need to see a volume lid going to that 61.8% inorder for it to mean anything...if we don't get the lid then the Gap close is on...

5min ES

 

[mu200411]

Is this one and a-b-c ? If yes, prepare for another 400, 50, 100 points DOWN :eek: .

 

[elovemer]

.....

 

[Mup]

The 864 area is a ALT into a 50%

If the bull's are keen enough, they could force a c wave up... if not then the odds move greatly into the news lows counts

5min ES

 

[Mup]

Hi marketwavez

I'd be tempted to put a measured move target from the whole move down to your wave 3 low. Then project the same distance from your wave 4 high...

Thanks for the chart

 

[Mup]

Crude is at that key area on the monthly log scale (61.8% on linear scale)

http://www.elitetrader.com/vb/attachment.php?s=&postid=2106207

CL #F

 

[elovemer]

...
...edit... come on bulls ... where are you ? ...2.00pm ?

 

[Mup]

Needs to bust that 1:1 at 858 inorder to really get the bears excited & they'll see the 1,2 count elo highlights..

Otherwise we still can't rule out one more wave up... as part of an a-b-c

Bothers me a little that CNBC and Bloomy keep going on about the expected afternoon sell off...

But if were start implusing, i'll believe them & we can confirm were heading off into that ED wave 3.

5min ES

 

[Landis82]

Just an FYI from a blog on the Wall Street Journal website:

“I got this from the most bearish man in Western civilization,” reads an e-mail forwarded from a trader at a mid-sized Wall Street firm.

“It’s legit. Panic lows have historically occurred on day 27/28 of the 7th lunar cycle, which are this Sunday and Monday. The panics of 1857/1907/1929/1987/1997 all marked their lows on these days in October!”