Ewj: elliott wave

[Landis82]

Need to stay above 1509.45 SPX for the first 3 hours of the session, otherwise some of my short-term stuff says it's time for a pullback . . .

 

[mu200411]

a 1-2-3 or an a-b-c?

 

[mu200411]

Prepare to place a second short position when the lower trendline of the last triangle is broken and set stop at the last high. Unless the upper trendline is broken first!

 

[mu200411]

Look like another 150, 20, 30 points on the upside. Prepare to reverse position.

 

[TraderRob]

I have 2 Scenarios that should spark some interesting discussion.
Each chart shows the trading in the Dow e-mini from the Nov. 26 low. The chart attached to this post is labeled as an A-B-C correction from the Nov low. Mup, Mu, and Landis... please share your opinion!

 

[TraderRob]

Here is Scenario 2 which is labeled as an impulse wave from the Nov. 26 low.

 

[elovemer]

... dropping from 1515 for possible 4 wave of ED on 4 hour chart .... ES
.... could be totally wrong...

 

[mu200411]

Rob
I agree that there may be wave 5 if this is Intermediate 5).
But if this is Minute 4)c.2, there may not be another wave 5.
Mu.

 

[elovemer]

.... most i could make out on wheat was a bounce off of daily 100sma ....

Quote from Mup:
Hope you've had fun on Wheat elovemer
higher..

 

[Mup]

Hi Rob

For proportion I'm just labeling that corrective move from Nov 30th to Dec 4th as either a wave 2 or B.

For the Bears, your Scenario 1 looks fine.

As for the Bulls, I would lable this move 1,2 i, as the start extended wave 3 move. see chart below