Ewj: elliott wave

[mu200411]

Head and shoulder failure. Good place to short again!

 

[mu200411]

Short position opened for the last time today. Set stop at the last high.

 

[mu200411]

Prepare to reverse position if the reverse Head and Shoulders pattern is confirmed.

 

[mu200411]

Who could believe the Market would go down another 300, 40, 90 points to 12866, 1410,2493?

 

[TraderRob]

Mup and Mu, please share your thoughts on the way I have labeled this YM chart from the Dec. 11 high. My labeling has wave II of C much smaller than wave IV of C... some uncertainty there.

 

[Mup]

Rob I carn't seem to load that pdf,

Update on that SPX 60min scribble from the previous pages.. still on the simple i,ii untill it proves otherwise...

 

[Landis82]

Quote from Landis82:

I would not be short this market today even if someone put a gun to my head.

Still would not be short this market.

 

[TraderRob]

My trade setup update... from the post on Dec. 11 pg. 209. I have labeled the decline from Dec. 11 as an A-B-C and moved my stop from breakeven(1514) to 1476 just above todays high in the March ES. If we take out todays high I no longer want to be short. The rally from yesterdays low looks like a 1-2, I-II

 

[Landis82]

Today's high at 1464.40 will be very KEY for tomorrow's trade . . . Must push above that level in order to get things going on the upside.

 

[mu200411]

Rob,
If A is a three, i.e., an a-b-c instead of a five 1-2-3-4-5, then the II or IV wave should not be a zigzag.

Quote from TraderRob:

Mup and Mu, please share your thoughts on the way I have labeled this YM chart from the Dec. 11 high. My labeling has wave II of C much smaller than wave IV of C... some uncertainty there.