Ewj: elliott wave

[Landis82]

Citicorp crashing to 1.56
-36%

OIH surging to 76.00 and up off a 70.90 low!!!

 

[mu200411]

Wave 5)4 was much shorter than Wave 5)2 and ended near the short measured move .
Wave 5)5.1 moved impulsively DOWN as 5-waves.
Wave 5)5.2 showed five subwaves. Is it an ED ?
The red lines are triggers for first and second SELL Signals :eek: ,
and Wave 5)5.3 may be equal to Wave 5)5.1 , i.e., 350, 45, 80 points .
If the red lines are not crossed, the supposed Wave 5)4 may be Wave 5)3.5:4 and Wave 5)3.5:5 had just ended today.

 

[Landis82]

Either we have a (b) wave low this morning and this is a "i" of (c) up, or we just did an a-b-c (iv) inside of (3) and are heading lower.



Just ran into resistance yet again at 749.42 SPX vs the 749.62 printed an hour earlier.

But can we take out that 743.63 SPX minor print low?

 

[Mup]

5min ES seems failed "e" wave with a DT on the 61.8..

Again it needs to take out those lesser 6.75 alts as it could morph again into something more pesky... (w-x-y-xx-z)

see what you think....

 

[Landis82]

Agreed.
Extremely "pesky".
Needs to start printing down below 744.00 in the SPX to give comfort to the Bears.

Am looking for crude oil to "roll-over" here after completing an (a)(b)(c)-(x).

Still in the (x).

 

[Mup]

The OIH has been a mover :eek:

 

[Landis82]

GE just announced cutting its Dividend from 31 cents to 10 cents in order to save $9 billion.

Got a big push down, and then "spike" back up just now on the news.

Very tricky here.

 

[Mup]

3 cracks at that 61.8% now....

Either $&*% or get off the can springs to mind...

 

[Mup]

Quote from chemillion
Hey MUP, can you take a look at MET, looks like its got some more downside before the next support. Let me know what your analysis is.
Thanks

I'll take a look....

 

[Illum]

Quote from mu200411:

Wave 5)4 was much shorter than Wave 5)2 and ended near the short measured move .
Wave 5)5.1 moved impulsively DOWN as 5-waves.
Wave 5)5.2 showed five subwaves. Is it an ED ?
The red lines are triggers for first and second SELL Signals :eek: ,
and Wave 5)5.3 may be equal to Wave 5)5.1 , i.e., 350, 45, 80 points .
If the red lines are not crossed, the supposed Wave 5)4 may be Wave 5)3.5:4 and Wave 5)3.5:5 had just ended today.

A close around 740 or lower will allow me to short with "relative" confidence over the weekend. Yesterday has thrown me still, I'm on hands today since that pain, seeing where we are around 3:45