Ewj: elliott wave

[elovemer]

..... your chart looks like the makings of a YOU-KNOW-WHAT......
.... which would be great....

Quote from Mup:
It busted that ALts so things need re-aranging...
Seems there are Trend line & channel buyers included with the Bots...
60n ES

 

[ed]

The overnight retracement in the ES is too strong to be a "b" wave. (Thought I better save the charts before it goes down again..... )

Here's another view..... (similar to Mup's, but again, we can't seem to get in sync with the ED labels... ...we'll just let Mr Market sort himself out.... )

SPX 90min

 

[mu200411]

Third subwave of wave three versus fifth subwave of wave c
Strong versus Weak move should be obvious today .
Note m&M pattern.

 

[Mup]

I carn't really label it an ED on the SPX just yet .

The problem lies with the size of the ED wave ii correction compaired to the b wave labeling....

The systems Double down buyers normally get there move up before things start to get a little messy ...

Dug up the last double down play...

Quote from Mup 12-02-08 08:20 PM page 809

Looks like the same double down play from the other week...

The ones who bought into yesterdays low are doubling down hoping for a runner..

Last time it happened they got a morning gap play before it was chocks away to the down side...

 

[Mup]

Needs to overbalance its last -4.75 lesser Alts to get things moving for the Gap first eyeball.... incorrect above that 824 area

5min ES

 

[Illum]

Spy has quarterly options with only a few trading days left. Im fading with that, cheap but... dangerous:eek:

 

[ed]

Quote from Illum:

Spy has quarterly options with only a few trading days left. Im fading with that, cheap but... dangerous:eek:

I used to play with them and called them "lottery tickets"

 

[Mup]

Quote from elovemer:
..... your chart looks like the makings of a YOU-KNOW-WHAT......
.... which would be great....

Leading Diagonal would fit .....

see what you think....
90min SPX

 

[ed]

Quote from Mup:

Leading Diagonal would fit .....

see what you think....
90min SPX

I thought leading diagonals only occur in wave 1 or wave A....

 

[Mup]

LD (A) wave of a zig zag would be a nice clean fit...

looks like they want more more push once this lesser 4 is finished....?

60min ES