Ewj: elliott wave

Got the move up and the stall out... :)

Its a common pattern after the market hits a higher degree fib... It will hold its Lesser ALT on the first test and try for a new high, only to stall out and head back down for a retest and more often than not , a break....

Pattern steps up a degree to an a-b-c

5Min ES
 

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Quote from Mup:

I still quite like that SPX 90min ED pattern ed :)
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I like EDs anytime....as long as we can spot it in advance.... :D

I have not studied Elliott fractals but I do believe there is some merit in it. Given the number of EDs we've seen since the Oct 10th low, I think it is highly likely we are still in some sort of ED right now.

I can't imagine the strength of the bounce if we manage to nail an ED of this magnitude!!!! A 300 point jump in the SPX in one day?!?!? :eek:

:)
 
....2 bar thrust on 30min..... but inside edge of price action
.....made everyone think it was breaking out of that 30min channel....
....either way
 
Sometimes the Market is very generous :) .
Yesterday we expected either a 600, 60, 120 points UP or 500, 50, 100 points DOWN, it gave us BOTH 300, 30, 60 points DOWN and 600, 60, 120 points UP to our target at Wave 3)5.4 :D .
Today may be Wave 3)5.5 DOWN, which will be confirmed when Wave 3)5.4:a is invaded :( .
Quote from mu200411:11-14-08 12:04 AM

Right now we are at the pivotal point between a 600, 60, 120 points UP and 500, 50, 100 points DOWN move, we must follow closely and objectively as Mup, elovemer, ed and Landis are doing :D .
Mu.
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....i know this is off topic....
...but if your platform feels heavy with windows....

....try puppy linux..... it is so light and so fast....
....everything is faster.... even internet....
...i am testing it today......
 
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