Ewj: elliott wave

[mu200411]

Move stop to measured move level to avoid whipsaws. Prepare to take more loss!

 

[mu200411]

New sell signal arrived in time to prevent whipsaw. The last higher high may be a bull trap.

 

[mu200411]

Looks like "sHs" and "M&m" patterns.
Ready to go down?

 

[mu200411]

Prepare to reverse position at today low, if there is a higher high. If today low is broken, eye for the second target.

 

[Mup]

5 min on the ES gives a clear datum point to work with.

I've done the bear count for now... (Easy to do w-x-y if breaks above the datum point..)

 

[mu200411]

Prepare to reverse position when there is a higher high. This may be the fifth wave.

 

[mu200411]

Thanks Mup. The Market is accelerating down.

 

[mu200411]

-311,-52,-34 now. Near 350,35,70 target. Prepare to reverse position when there is a higher high. Set stop at the last low.
Set target at 100-150,10-15,20-30 points rebound then may reverse position again.

 

[Mup]

As you say its accelerating so we just need to adjust the triangles...

EW kept us on the right side of things again...


Measured Move taken from e gives 1498.75

 

[elovemer]

..... mup could you let me know what you think of this nasd chart ?
.... thanks

Quote from Mup:
As you say its accelerating so we just need to adjust the triangles...
EW kept us on the right side of things again...

Measured Move taken from e gives 1498.75