Ewj: elliott wave

Thanks MitchWorse... :)

Actually I'm no wiser on how the SPX would go from here. Best to leave it alone to sort itself out! :)

The inverse correlation between the SPX and the VIX is not perfect but can sometimes hint at where the SPX would go.

After that 20+ points drop in the SPX, looks like it will be consolidating within another range for a while... :)
 
Quote from Landis82:10-23-09 07:04 PM

Looks like a "wedge" ended in the last 30 minutes of trading . . . Also a Bradley date the last two days. Rally early next week to new highs ( possibly 1121) to end the fiscal end of year for most Funds?

More significant Bradley date on Nov. 9th.

:)
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Mike,
Thanks for your reminder on the Bradley! :)

As our MIA friend used to say..... "time to think of an out of the box count!"

So here goes the longshot VIX daily! Inspired by Mike and Mup! :) :)

This count would REALLY drive both bulls and bear crazy before the huge crash! :D
 

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Quote from mu200411:

Big 5-waves and small 5-waves UP :) .
Looks like ed's 1060 will hold :D .
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1 more test(wave 5) needed in the hourly :)

then indicators are ready for UP...

RSI negative reversal target 1060 :cool:
 
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