Ewj: elliott wave

832.68 in the SPX has to hold to give the bulls a chance.

Else it's time to bid irene goodnite :)

Note today's expiration day, so anything can happen in the afternoon.
 
Fractal Wave 5)1.2:c : Wave 5)1.2:a was about .618 time :eek:, similar to Wave 4)c : Wave 4)a .
Or Wave 5)1.2:b may be an irregular correction :confused: .
Just wait for a higher high :) or a five-waves UP.

Interesting link :cool: .
http://www.elitetrader.com/vb/showthread.php?s=&threadid=147285&perpage=6&pagenumber=1
Quote from elovemer:

....this thread is for Learning How to Read Important Channels

Discussion on all methods are welcome.


I will be using ES contract as examples.....
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"Five-waves UP from just below ed's support" lends some hope to the Bulls :) .
Quote from ed:01-17-09 12:14 AM


832.68 in the SPX has to hold to give the bulls a chance.

Else it's time to bid irene goodnite :)

Note today's expiration day, so anything can happen in the afternoon.
More...
 

Attachments

Mu,

You sure have fast fingers! :eek:

Yep, today's SPX low at 830.78 is crucial. Below that, I would not be able to think of any bullish scenarios. So once it gives, it's more likely to be the start of (5) down.

Keep in mind about expiration today. It can get kind of wild...:D
 
Usd/Yen

Hmmm.......
End of Wave 5 .........
:)

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We seem to be stuck in a range. Could be part of B wave if today's low of 824.34 in the SPX holds.

I'm seeing a 1:1 in the B wave where 27.47=27.75.

A larger 1:1 where A=C could bring us up to 865.43.

Watch closely if 824.34 holds... :)

SPX 60min
 

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