Ewj: elliott wave

[blnbr]

Quote from Mup:

Agree blnbr
If it carn't clear its 1:1 into the 38.2% then its got problems as the bears will just see an a-b-c.

The potential becomes a 1:1 to the downside...

So its a key line in the sand...

120min Globex

Thanks for the chart Mup.

Seeing the price up and down fluctuation, I took profit on my small trade at the open and look for another opportunity for reentry.

 

[Mup]

that was a nasty penguin bar on the 5min.....

However there normally not a good sign for the bulls....

 

[Mup]

That 1:1 target of that penguin bar....

If it doesn't move quickly then i'll stand aside for an hour or so as I'm not recognising the "tune" this morning :eek:

 

[mu200411]

Interesting Fibonaci ratios.
100->50->200->150->300->250
100->61.8->200 (/2=100) ->123.6 (/2=61.8) ->223.6 (= +100)

 

[Mup]

Quote from Mup
That 1:1 target of that penguin bar....
http://www.elitetrader.com/vb/attachment.php?s=&postid=2335952

looking better,

Those penguin bars are pesky when they form , they make a mess of pattern ratio's and set all the momentum boxes +ve... But the give one of the best weakness signals there is...

 

[mu200411]

Fifth wave again .
Note fibonaci ratios .

 

[Mup]

Something a little more outside the box....

240 SPX

 

[Mup]

Hmm speaking of 5th waves Mu...

just a thought...
A completed ED pattern into a 78.6% ext...:eek:

did ed highlight this option yesterday ?

 

[Mup]

GBP/USD is in the news alot with the MPC going quantitative :eek:

Finishing off a triangle (B) before another move towards the $1.50 area as a (c)...

240min GBP #F

 

[Landis82]

Someone keeps "nibbling" here and causing the shorts to cover.