Ewj: elliott wave

Quote from mu200411:
This is how EW helps with trading:
At 11-11-08 01:09 EST, there was a warning that the Market was forming a descending wedge or Ending Diagonal Triangle and we were expecting the fifth subwave :v of the fifth subwave .v of the third wave iii which might end at the measured move.
At 11-11-08 01:42 EST, there was a 'trendling break' buy signal.
At 11-11-08 02:33 EST, the fifth subwave :v of subwave .ã of wave iv touch the top of wave i and there was a sell signal 3 minutes later.
If you acted on this you might have earned a few bugs :D.
Mu.
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You anticipated these moves very well Mu. Good call!:)
 
While I prefer the bearish outlook, I am a little unsettled by the 5 waves up in the SPX 10min since about 12.30pm ET yesterday.

There could be a "C" wave to complete the upmove before resuming its downtrend....

A triangle count since Oct 10th could still be viable as the "D" wave yesterday was exactly 0.618 of the "B" wave....

Both options would see a short upmove before resuming its downtrend. In fact, I don't even know how to fit in a bullish count :D

Bear options invalid if SPX breaks above 951.95... :)
 

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Good stuff Mu & ed ... :)

Still like the ED option* myself unless the ES breaks above that key 917 swing high, then things are changing...

A lot will see that 5 wave pattern as ed points out on the SPX... I'd be more tempted to label it a double zig-zag, as clean 5 wave patterns are quite rare off a low...That just my oldschool count bias creeping in...


* yesterdays chart..
http://www.elitetrader.com/vb/attachment.php?s=&postid=2171751
 
Handy that EW :D

Keeping on the right side of the market with the down move this morning

Its starting to Push the limits of an ED wave iii , if it goes much lower its morphing into a larger 3 wave (y )pattern with this move down being the lesser "c"...

See what you think... If it does go lower only becomes active if we go be low 875 (ES)...

240min Globex..
 

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Although futures are negative, the waves pattern renders some hope for the Bulls :) .
There is an impending ED, emerging as the end of Wave 3)4.d with a little bit short fifth subwave v of Wave 3)4.d:c :confused: .
We, EWers, always keep alternative wave counts, just in case :D .
Target of Wave 3)4.e in this case is 9350, 960, 1680 :eek: .
Note the ElliottwaveFractal in the chart :cool: .
 

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Quote from Mup:
Handy that EW :D

Keeping on the right side of the market with the down move this morning
Its starting to Push the limits of an ED wave iii , if it goes much lower its morphing into a larger 3 wave (y )pattern with this move down being the lesser "c"...

See what you think... If it does go lower only becomes active if we go be low 875 (ES)...
http://www.elitetrader.com/vb/attachment.php?s=&postid=2172922
240min Globex.. [/i]
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Agree Mu on lower...

Through that key 875 so the larger (y) pattern comes into play for a run towards the 1:1 @ 850 area
 

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