Ewj: elliott wave

Coal, Steel, Nat-Gas, Off-Shore Drillers . . . all rallying STRONGLY from oversold levels.

Firm close in crude, albeit on short-covering due to API inventory numbers out after the close.

April Crude +1.50
$41.60
 
Quote from Mup:

That 709 is also an 88.6%

We often get sharp moves of that ratio....
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Mup,

I don't understand.... My charts says 709 is around 78.6% on the ES 5min.

Seems like our charts are different?

Nice change to coloured candles by the way.... :)

ES 5min
 

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The 88.6% is from the day session chart :)

Bears do like 88.6's :D

Oh I thought I'd add a bit of colour as its been one of those long dark wet Northern European days over here :(
 

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Re-count, we have to :eek: .
The reboung went UP to 709.59 then headed DOWN to 695.53 = 14 points profit :D .
There may be another 350, 45, 80 points drop, but futures are UP +120, +12.5, +18 points :confused: .
Quote from mu200411:03-04-09 01:02 AM

Wave 5)3.5:5i acts as a stop, if it is invaded we have to re-count :cool: .
The rebound may go UP to 710 before heading DOWN again :) .
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