Ewj: elliott wave

Position reversed as said in strategy 2 at the last higher high after intraday resistance trend line was broken.
Prepare to reverse position again at target (120,14,46 points), or short sell but hold the long position, where there is a lower low.
 
On the SPX chart you can count either a W-X-Y or a simple a-b-c-d-e in to the lows yesterday. (120 min frame upwards)

So I wouldn't want to be short going into the GOOG results :)
 
Will there be another move of 40,4,15 points above the last high? Or 60% of target range must be accepted. :(
Prepare to short sell when there is a lower low. Keep the long position for more consideration.:confused:
 
Another option is the whole five wave structure of the high on the 11th of October is a Leading diagonal wave A or (i)

So we need a B wave or a wave 2 back up and Google could just be the excuse they need :)

The bear case is a tripple 3, with the action of the low yesterday being the X-X wave, of W-X-Y-X-X-Z pattern.
 
Set stop for short position at the last high.
Long position will be close at entry point, and re-enter if the market reverse again and has a higher high.
 
Status:
Long from the last trough. Short from the last high. (Intraday)

Scenario 1.
The Market shows wave 1-2-3-4-5-a-b-c from all time high. Today is going down as 1-2-3-4-5.
Strategy 1.
Keep the short position. Close the long position at open as futures indicated. Prepare to reverse position if the last Thursday high is broken.

Scenario 2.
Minute Wave .2 has ended. Market jumps to new all time high.
Strategy 2.
Keep long position for 1000,100,200 points. Close short position at the last Thursday high.
 
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