Ewj: elliott wave

Here is scenario #1 my preferred count because the timeframe to form wave #2 is now equal to the timeframe of the wave I have labeled 4 and this weeks rally has stalled at the 38.2 retracement of the Oct. 11 decline.
 

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..... i agree that 5 waves down were completed...
... but i dont assume that we must continue to rally...... very possible though
Quote from TraderRob:
Scenario # 2 assumes 5 waves down were completed this past Friday and the market should continue to rally over the next week.
More...
 
Status:
Caught on the wrong side of the Market holding short position.
Scenario 1.
Intermediate Wave V1]5) has begun with a bang of 600,65,135 points. Subminuette Wave V1]5)1.1:1i,ii,iii,iv completed. Futures point to a higher open in Subminuette Wave V1]5)1.1v fading all technical resistance.
Strategy 1.
Close short position. Open long position.
 

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Scenario 2.
Minuette Wave 4)c.4:c is ending. There may be Subminuette Wave 4)c.4:cv as futures suggest.
Strategy 2.
Close short position. Find another entry point for short position.
 

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Scenario 3.
Minuette Wave 4)c.4 has ended and Minuette 4)c.5 has begun. Subminuette Wave i and ii has unfolded. The Market falls a Subminuette Wave iii which is unlikely because of a bullish futures.
Stragtegy 3.
Hold short position.
 

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Oil down = Abu Dhabi sells oil to buy Citi.:)
Gold down = Sold to buy stocks.:)
Treasurys down = Funds left treasurys for stocks.:D
Yen down = Yen-carry trades rewinding.:cool:

Rates down = Reverse all of the above.:confused:
 
If Subminuette v = Subminuette i it will be 266, 22, 46 points long and end near 13504, 1483, 2695.
Prepare to open short position when there is a lower low near target.
 
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