Ewj: elliott wave

[Mup]

Quote from Mup:
Cable still could get to the 1.60 area...
http://www.elitetrader.com/vb/attachment.php?s=&postid=2440491
240Min GBP #F

Got there

The 1.615 area is the 261.8% which would be nice...

240min GBP #F

 

[Mup]

Dollar index is getting close to that larger 1:1 we've been looking out for...

Daily DX #F

 

[mu200411]

They go their own ways: INDU, SPX and NASDAQ .

 

[mu200411]

Crude Oil's 5th of 5th of 5th of 5th of 5th of wave goes parabolic :eek: .
$64 - 65 may be the limit.

 

[Mup]

While its quiet....
914 seems a key LIS for a "background lid"...

Early doors for me as its the European Cup final....

240Min Globex

 

[blnbr]

Now it's falling, perhaps will re-test 880 by tomorow.

 

[Illum]

That was a very clean wave 5 down on the minute chart. Even with my daily chart bias, I didn't ignore. Not much on the table for my style. It was a wave 1 extension, so wave 3 was short. I need conformational after wave 1, or I am chopped up in minute land. Wave 1 extensions-- not my favorite, but I'll take what I can get.

 

[blnbr]

Yep, some e-wave followers prefer wave-5 extension, so they can catch a good portion of the moves.
I wonder what the e-wave gurus said lately.

 

[Landis82]

I would expect that the 21-day MA on the SPX should hold up.
887-ish today.

 

[blnbr]

Quote from blnbr:

...sometimes the cycles move in symmetrical time frame sometimes they move in fibo number time frame, sometimes none of the above but move in some odd number time frames. ...

Here's a live example of cycle in fibo ratio, using again EURUSD chart.