Ewj: elliott wave

Should really hightlight the lesser ALts on GC as we'd expect at -39 points or so pull back as a lesser degree target off a higher degree 1:1.
 

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02-19-09 03:24 PM
Quote from ed:

Thanks Mup, I was just about to draw my charts when I saw you have already made these 2 posts..... :)

How about being a little greedy for the best of both worlds? :D

Let the bears push it down to ~764.14 (88.6%) and then the "D" wave kick-in and fly me to the moon...... :D
More...

Well... seems like our ED count is out but we got this pretty close.... SPX bounced at 764.46 :)

Let's see if the "D" wave kicks in....

Hmmm..... if we're in the 3rd of 5th wave down now, then it feels a little "weak" (see circled area). I'm expecting more "devastation" than this, but then, we could also be in 1st of 5th down :)

But for now, I still favour the triangle option. Let's see how this unfolds :)

SPX Daily


Edit:
Mup, you are just too fast for me..... :)
And I got the 88.6% from Mupster's dictionary :)
 

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pesky ALts :D

Is the Gap close at 779 being gready ?
Neds to clear its last ALT back up of +11.75 for that Gap close to come into play....
 
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