Ewj: elliott wave

Thats some interesting use of wave numbers on that SPX chart elovemer.... :eek: :D

Oh wheat also had a 38.2 at that recent low...:)
 
A quick doodle on the INDU.

The Bear case for a FED sell off. (see last chart for bull case)

Just Finishing off either a X-X or a D wave. Then its down to new lows in a Z wave of a Triple 3 or an E wave of a Triangle.
 

Attachments

... if the high was the end of wave 5 .....
..... and if we complete another 5 waves down from here.....
..... then my chart will be looking pretty good .... maybe
... :)
Quote from Mup:
Thats some interesting use of wave numbers on that SPX chart elovemer.... :eek: :D
Oh wheat also had a 38.2 at that recent low...:)
More...
 

Attachments

Short position closed. Long position opened. Set target as Friday scenario 1.
Friday sideways wave may be Minuette 5)1.3:2 and today wave may be Minuette 5)1.3:3 and now Subminuette 5)1.3:3iii is going to surpass today high.

Quote from mu200411:12-07-07 11:41 PM
Look like another 150, 20, 30 points on the upside. Prepare to reverse position.
More...
Quote from mu200411:12-07-07 11:22 AM
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
More...
 
Status.
Hold long position.
Scenario 1.
As Friday scenario 1.
Scenario 1 target= 13978.1396, 1543.3699, 2770.26
Dec 10 Close= 13727.0303, 1515.96, 2719.4299
Points to target= 251.1093, 27.4099, 50.8301
This is about three waves of (150, 15, 30) - (50, 5, 10) + (150, 15, 30).
Strategy 1.
Hold long position until the target is reached.
Scenario 2.
Minute 4)c.2 will end after 2:15 today.
Strategy 2.
"Buy on rumor, sell on the fact".
Close long position and open short position.
 
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