Ewj: elliott wave

[Mup]

Next TA point the Measured move

 

[Landis82]

By the way, there were some upgrades in the oil service sector this morning, and the likes of DO and RIG were up strongly ( $6 and $7 ).

Now, Crude oil has rallied $2.50 since 1PM EST. This puts a strong bid underneath the SPX and the ES.

 

[Mup]

MM pressure point @ 1504 ES

If we get through that then its implusing

 

[Landis82]

Now trading 1506.

 

[Landis82]

1511 SPX is the 61.8% retracement.

 

[mu200411]

Status:
All short positions closed when stop out. Long position opened as said in strategy 1.
Scenario 1.
Minute 5)1.3 is in full force. Target at measured move and reversed sHs pattern target.
13978.1396, 1543.3699, 2770.26
Strategy 1.
Hold long position to target.

 

[mu200411]

Scenario 2.
Minute 4)c.1 is a diagonal triangle. The rebound is Minute 4)c.2.
Minuette 4)c.2:c may end at Fibonacci .618*measured move
End of 4)c 12724.8203, 1406.23, 2539.8101
End of 5)1.1=13465.1201,1488.9399,2696.24
End of 5)1.2=13237.8398, 1460.66, 2613.8301
Last high of 5)1.3=13614.04,1508.02,2709.03
Fibonacci .618=13695.34508,1511.774718,2710.503778
as Landis said (different approach but same number)
or at measured move
Measured move=13978.1396,1543.3699,2770.26
Strategy 2.
Close long position when there is a lower low at target.
Enter short positions then set stop at the last high.

Fibonacci retracement calculation.
All time high=14198.0996,1576.09,2861.51
End of 4)c =12724.8203,1406.23,2539.8101
Minute 4)c.1 length 1473.2793,169.86,321.6999
Fibonacci .618 retracement= 13635.30691,1511.20348,2738.620638
Last high=13614.04,1508.02,2709.03

 

[elovemer]

....daily diamond target of 1400 was almost reached at 1406.25 .....
... upside target is target of falling wedge... 1555 .....
... unless a new pattern develops.... to bring us down.....
.... could be TOTALLY wrong ... :0)

 

[mu200411]

Now that the ECB kept rate unchanged. If the Fed cut rate on December 11, 2007 EUR/USD may jump to 1.54 and after some retracement jump to 1.60.

 

[mu200411]

Long position closed. Open short position. Set stop at the last high.