Ewj: elliott wave

[elovemer]

....watching 1.30pm for a possible pivot....

 

[ed]

Quote from ed:

In the SPX 15min charts, it seems like there is going to be a final pop above 870+ before it starts its descent....

SPX 15min
http://www.elitetrader.com/vb/attachment.php?s=&postid=2194061

Need to clear the 1:1 possible resistance @ 829.91 to ensure it continues its way down...

Edit :
0.786 @ 835.86
0.886 @ 833.08
1.000 @ 829.91

 

[Landis82]

Looking for yet another ABC.

SPY fell 1.42 off the highs at 86.22 down to 84.80

85.36 (b wave high) - 1.42 = C

Target: 83.94

*** Just traded down to 84.08 and bounced.

 

[elovemer]

...still needs to get above 54

Quote from elovemer:
....watching 1.30pm for a possible pivot....

 

[Mup]

Bolton , frost and Beckman were all keen fans of the Alternation of Highs or lows..

If one swing point is an irregular pattern the next should normal...

Alternation is by no means certain as Bolton pointed out, but it happens more often then not to be egnored..

See what you think on 15min ES

Dinner apointment for me this evening as a thankyou for that favour... )

 

[ed]

Thanks Mup!

 

[Mup]

Thanks ed & elo

Of course we could be counting to fast as alsways and anything about the a 123.6% ext would rule seriously lower the count odds..

Any way catch you all later...

 

[elovemer]

diagonal
....edit....needs to get above 46.5

 

[ed]

Or it could be a diagonal b wave instead?

Edit :
Nope... Way too strong for that!

 

[Landis82]

Serious surge into 3PM occurring right now!
Shorts in the OIH and energy sector running for cover!

:eek: