Ewj: elliott wave

There is a big line in the sand on the Globex around 836..

We've had 4 attempts to hold it... I really needs to say above that 836 area otherwise that Gann 4 rule will be proved correct again..... "a failed 4th attempt is fatal"...

240min Globex
 

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Possable....:)

I'm more on the bear bus :D

Delta hints at we need a new low so hence the bear lead in my counts...

An MTD inverson could be playing tricks but for now I'll leave it as a normal rotation.
 
...here is the full shot of that wave count...
..what do you blokes think ?
...we should find out VERY SOON if it is valid or not
...edit.....33.75 ... smallest last alt
.... 825.5 last chance for bull M on 1 min
 

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Quote from elovemer:

...here is the full shot of that wave count...
..what do you blokes think ?
...we should find out VERY SOON if it is valid or not
More...

Elo,
I think there may be another low first, but we should be near the bottom for the SPX..... :)

I'm thinking of referencing Wave1 for some ratios to gauge Wave5 :

Wave 1of3 (SPX) = 1440.24 - 1200.44 = 239.80

Wave 5 target :
0.786 --> 819.03
0.886 --> 795.05
1.000 --> 767.71

:)
 
Remberber that 60min Chart zone from yesterday...

http://www.elitetrader.com/vb/attachment.php?s=&postid=2182884

It shows where people were either bailing at break even or trying there luck by doubling down... Double down Bulls got lucky yesterday...

Well were back there and those same buyers will now again either be bailing or the uber bulls will be thinking they carn't belive their luck!! A chance to add again on a tiple bottom...

So we can expect a little bit of mischief around here...

Triple bottems rarely hold once all the mischief plays out .....
 

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