Ewj: elliott wave

[blnbr]

Hi Mup, did you trade USDCAD today?

When you have time, can you take a look at the USDCAD chart and see if I labeled the waves correctly? Thanks.

 

[Landis82]

Looks like we completed 5 waves up right into lunch time and did an A-B-C for the rest of the afternoon.

(A) was 10.78 SPX points and 1.10 SPY pts.

C=A at 833.19 (Traded a low of 830.26)

SPY's C=A at 83.36 (Traded low of 83.02)



Another push up tomorrow off the opening?

 

[mu200411]

Landis,
Thanks .
I referred to the wrong wave two. Wave two of a lesser degree for Wave :4 should be Wave :3ii.
mu.

Quote from Landis82:04-03-09 01:57 AM
If that happens Mu, we should see the SPX retrace back down to 829.10 for .382 from the move up off yesterday's low at 3:15PM Eastern.

However, I wouldn't want to see it retrace anything more than .382 if I'm a Bull.

P.S. JP Morgan getting whacked and now $2 off the early session highs and now negative.

Quote from mu200411:04-03-09 01:52 AM

Fifth subwave of fifth wave at Mup's ALT ,
may be a good time to start going UP another measured move .
If not, end of wave :2 is another launch pad.

Five waves DOWN without prior three waves UP should be an a wave. The UP move that followed was a b wave. There was a measured move DOWN to near end of Wave ii although the count was not quite complete.
After some set back at Friday's open there should be a measured move UP .

 

[mu200411]

ed,
Not quite. Mup foresaw the GAP UP that I didn't.
mu.

Quote from ed:04-02-09 09:30 PM

Good call Mu! The market got us fooled except you! .......

Quote from Mup:04-02-09 02:05 AM

Last chance for the bears the larger 1;1 around 811...

If it gets above that , then Mu's bull count is full steam ahead for an attempt at gap & new highs...
http://www.elitetrader.com/vb/attachment.php?s=&postid=2372093

 

[geico]

Show me the five waves in this chart. This is the crude oil chart .

 

[geico]

Dont u think that Elliot wave analysis is very subjective ?

 

[ammo]

thats why so few use it,the guys on this forum are good,so good that few dare to compare,i'm only an observer but the percentage of good reads on here is extremely high,just my 2 cents

 

[blnbr]

Quote from geico:

Dont u think that Elliot wave analysis is very subjective ?

We hope most traders think so. Otherwise, E-wave would become useless

 

[mu200411]

Fifth subwave of fifth wave of wave c of wave four at 38.2% retracement.
May be a measured move UP soon .

Note:
Cannot post chart. IE hangs when Browse.... :eek: .

 

[mu200411]

This is the Chart post from another computer :eek: .