Ewj: elliott wave

[Mup]

Don't know about that but thanks for the kind words..

Sometimes a chart based on George Lindsay mirror image theory can be useful.

This is Rob's chart flipped (hope you don' mid me using it) it gives a slightly different perspective.

 

[TraderRob]

Mup, flipping the chart is very interesting. Tell us more about Lindsey's theory and does flipping the chart imply that we should look for a retracement from todays high and then a rally to new highs next week?

 

[Mup]

This looks very sloppy on the ES...

A-B-C looks a better play at the Moment..

 

[mu200411]

Prepare to be stop out.
1-2-3-4-5-a-b-c-1-2-3-4-5 versus Quadruple bottom.

 

[Mup]

This is the "waste" time option the W-X-Y
Above 1485.5 ( leeser 61.8) then the W-X-Y comes into play.. Other wise its still the orignal A-B-C

 

[mu200411]

Plan to close long position near today high when there is a lower low. If stop out, enter short position and set target at measured move.

Edit:
40, 4, 20 points sideways movement, nothing can be done, except wait and see.

 

[mu200411]

Have to pay more attention now.

 

[Mup]

Handy this EW

Quote from Mup:

This looks very sloppy on the ES...

A-B-C looks a better play at the Moment..
http://www.elitetrader.com/vb/attachment.php?s=&postid=1697724

 

[Mup]

1473 is the Larger degree ALT.

So Critical degree MOB point.

 

[mu200411]

Status:
Stop out, entered short position and reversed position at measured move as said. See chart.

Scenario 1.
Minuette V1]5)1.1:1 ended as a wave five failure. Minuette 5)1.1:2 finished. The Market is going to jump another 739, 82.7, 156.4 points.
Strategy 1.
Hold long position. Close long "Short position".

Quote from mu200411:12-01-07 02:22 AM
...........If stop out, enter short position and set target at measured move. ...........