Ewj: elliott wave

Futures are not good index for the future :eek: .
The red lines are better :) .
The "M" pattern is almost completed :confused: .
The last new high was a Bull Trap, next lower lows may be Bear Trap :D .
If not, the Bear Market may resume.
 

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That fractal has an uncanny resemblance to the S&P charted over the last 25 years.


Quote from mu200411:

Futures are not good index for the future :eek: .
The red lines are better :) .
The "M" pattern is almost completed :confused: .
The last new high was a Bull Trap, next lower lows may be Bear Trap :D .
If not, the Bear Market may resume.
 
In fact, the futures price fluctuation in the morning are typically caused by the economic data reports (this morning was the unemployment number at 8:30am Eastern time). The fluctuations are often irrelevant to underlying trend and short lived. Sometimes the fluctuation may even let you enter a position at a better price.
 
Quote from gobar:

Hey Koolblue thanks for the update..

r u still active on pivots?

what happen to ur blog?
.... STILL AT BOTH FRIEND, JUST BEEN LAZY DURING THE SUMMER DOLDRUMS AND WANTED SOME TIME OFF
 
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