Ewj: elliott wave

Bulls need to hold the above last Alt of -10.75 to keep their intraday 4th wave alive.... :)

If however, and its a big if.. the Alt goes then the move up today becomes an a-b-c as Mu points out & the last 15 mins could be fun going into the close... :)
 

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Crude oil peaked, near $112, below $114 as said.
Crude oil should not fall below wave .4 of a lesser degree for the Bull Market in Crude oil to continue.
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Posted by mu200411 on 03-13-08 08:03 PM:
Crude $110 should peak below $114, take care!
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Quote from mu200411:03-08-08 12:48 AM
Crude Oil target $108 - $114, then down.
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The small Reverse "Head and Shoulders" pattern was confirmed and so was the "W" pattern which should lead to the confirmation of the big Reverse "Heads and Shoulders". :)
This would fit the measured move. :D

Status.
Still hold long positions.
Strategy.
Take profit on the short "Long position" at the fifth wave near some resistance. Re-enter the long position after a 100-150, 10-15, 20-30 points correction.
Take profit on the long "Long position" at the measured move.
 

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...i suppose you all noticed this before.....
...oct 11, 2002
... oct 11, 2007

....to the day....wonder if anyone took this short because of the date....
 
Those pesky time cyles pop up at the most unusual places :D

5 years ( fib) is a classic EW pressure point & Gann cycle point (60 months)...

I'd be surprised if the longer term cycle based systems didn't try a short....:)
 
Back to that MOB ALT -10.75... On the ES

Usual stuff.. if it holds trend is still intact & expect a new high... , if it breaks we step up a degree and look to the next dynamic support ie the 38.2%..

That 10.75 Alt will probably get the "rule of 10" players debating ..:D

5min ES...
 

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