Ewj: elliott wave

Status: Hold long "Long position".
Strategy.
1) Buy at resistance trendline break if there is no lower low. :)
2) Buy at exactly -100 for the Dow (approximately-10 for SP500,-20 for NASDAQ). :cool:
If there is no lower low we may have to shift wave i to Monday.
If there is a lower low it may be a descending wedge and will fall short of the previous -200, -20, -40 points target from Wednesday high.

Why I am so bully? Don't know. :confused:
I will turn bearish when the -200 target is exceeded. :D
 

Attachments

.....broadening triangle for the break out from the opening 5 min range...
....let's see how far it can go .... UP ... today
....and above rising wedge... lower TL
.....statistical sell at 64.5 ....hopefully just needs some time
.... 5-20 ema ... cash cross on 30min chart....and holding above 30min 34ema
... also this is a bounce off of 5 day sma cash
.... 65.5 is abcd from 57
 
Quote from Mup:
The 50% comes in around the 1351 area...

I to would like a first hour low tomorrow morning (10th)followed by a move up as it would fit the fib time pressure nicely...
More...

Handy that EW :D

15min ES Chart :
 

Attachments

Quote from Mup:
Those 88.6% are always something to watch... It will set up at least a lesser degree C wave.. [/i]
More...

Last alt was -9.5 so we need to say above that for the bulls...

5min ES:)
 

Attachments

possible bull hook..... on the 50% retrace.....
....otherwise... possible broadening triangle for a pop and drop
.... if 12 o clock will be the high... then it will be possible for a low first then high tomorrow .... rather than high first then low.....
.... if that was to be .... then could start a descent tomorrow afternoon once 5th wave target was complete
 
You must log in or register to reply here.
Back
Top