Ewj: elliott wave

.....this could be a huge move down.....

... if it holds.... then it will be the beginning of the next major trend.....

.... just guessing...
 
As an EW newb, I was guessing that we are beginning wave V down. I'm guessing we'll get a retracement up for a wave 2 then take out the old lows in wave 3 or 5 of V.
 
A lower low, so it should be Wave IVc]5)1.3 or Wave IVc]5)3.
Wave IVc]5)3 may end at measured move, near 11/21/08's low, around 741 :eek: .

Edit:
61.8% retracement from orthodox top and Landis' Bradley Cycle :) .
Will there be a rebound? :D .

Quote from Landis82:01-21-09 03:01 AM

Bradley Cycle 1/20-1/21
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....i am bullish because of detrended price oscillator on daily chart....
..... i think it is either end of bear trend....

... or just beginning of larger upwards correction until resume down trend....

825.5 .... last ALT
Quote from mu200411:
Measured move reached as expected :) .
What's next :confused: ?
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