Ewj: elliott wave

[Mup]

This is the Expaned Flat option, incase they want the stops in this hoilday trade week...

 

[Mup]

Quote from bh_prop:

Mup, do you still prefer this count? I am wondering if it's possible that C up is already underway.

It is possable, although i'm always reluctant to count to fast hence still in the B wave lean.

I sometimes have a habit of counting too quicky so I tend to lean on the side of caution with corrective patterns. As they also have a habit of lasting longer than first thought.

Do you have any views on the current daily pattern ?

Cheers Mup

 

[mu200411]

Short "Short position" closed at target.

They have postponed the current problems to 2012, the year Elliott predicted a Great Depression magnitude correction.:eek:

"Bush plan will freeze subprime rates.
The agreement will freeze certain subprime mortgages for 5 years, a compromise with the mortgage industry and banking regulators."
http://money.cnn.com/2007/12/05/real_estate/bush_freeze.ap/index.htm

 

[mu200411]

Will the resistance levels hold again this time.
Or the Market will rise until December 11, 2007 like the old adage, "Buy on rumors, sell on good news".

 

[mu200411]

Scenario 1.
Minute 5)1.3 is equal to Minute 5)1.1.
Strategy 1.
Close long "Short position" when 13500 and 1490 are broken.
Open long position.
Scenario 2.
Minute 4)c.5 is equal to Minute 4)c.3.
British investors sell on good news as BoE cut rate.
Strategy 2.
Play the short side of the Market.

 

[elovemer]

50% symmetry .. albeit from 1577.5 ... not 1586.75

 

[Mup]

Hope you've had fun on Wheat elovemer

I'm still on that 60min SPX chart count that shows the market removing supply around that 50% level before we can go higher..

 

[mu200411]

Short "Short position" opened. Set stop at the last high.

 

[Mup]

Update on Yesterdays 5 min ES chart..

The waves are all made up of 3's

So the C also needs 3 waves hence this last push up...

Oh and we reached the 200 page mark on the thread! Well done Mu for starting it off and putting the effort in to get to 200 pages !

 

[Mup]

On a side note AAPL looks interesting @ that 189 to 190 area if your a 1-2 day swing player ..