Ewj: elliott wave

The Martin Armstrong Model is/was? due around the Equinox 2008.2

economic_confidence_86_year_cycle_0.png
 
Thanks Mup and elovemer,
I agree with Mup and elovemer in the Bear Counts,
but there is still some hope for the Bulls. :)
Another +200, +20, +40 UP before a -200, -20, -40 points down.
Mu.
 

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Status.
Take profit at +200, +20, +40. Re-entered short "Long position" when there was a higher high. Reversed short "Long position" at the fifth subwave of fifth wave as said near +300, +30, +60. Reversed again after the fifth wave failure near -180, -18, -36 when there was a higher high.
Hold long positions.
Strategy.
Hold to another +200, +20, +40 if UP. Wait a little bit if DOWN. Reconsider if wave :i is invaded.
 

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I can see the Bull count going into the low.

They've got an ED 5th wave going into the larger 38.2%.

The only problem I have with this count is, in an ED pattern, wave i should always the longest...

See what you think..:)

120min SPX chart..
 

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Key area now that 1322 for the Bulls on the ES

Its an Alt and a 1:1 point... They need to hold it, other wise its a green light for the bears....

5min ES :)
 

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Bit of price and Vol

Is it elovemer who was looking more into this ?

Any way the people who bought on the Vol spike bar are now deffending or Bailing at break even..

There's no techincal level at that 1306 so its just pure price protection... Because there is no Techincal Underpinning, the price normally goes lower, its just a question of how deep are their pockets going into OE.

5min ES :)
 

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