Ewj: elliott wave

[Mup]

Quote from Mup:Bench mark Alt is the -5.25...so any correction needs to be over that figure to change the degree to get any interest from the bears....

There's a Gap close at 1363.5 ....

That gap close would also equal a (5)=(1)

While its holding its Alts, it keeps the bears from getting too interested...

5Min ES

 

[Landis82]

Quote from Mup:

That gap close would also equal a (5)=(1)

While its holding its Alts, it keeps the bears from getting too interested...

5Min ES

Excellent analysis!
Way to go Mup!!!

 

[Mup]

Thanks Mike!

 

[Mup]

Quote from mu late yesterday...
Next move may be a "Buy" whether it goes up of down.

Quote from elovemer posiible W....

Quote from Mup early today..
Looks like its going to be a trend day finishing of the wave (3) then wave (4) through lunch before commencing the (5) for the afternoon....

Handy this EW Thread

 

[elovemer]

... how do you guys identify bullish W.s ?
... any measurements ?


...need a higher low still.... to form a possible bullish W on the weekly chart

... thanks bunches

Quote from Mup:
Handy this EW Thread

 

[elovemer]

... W ....

 

[elovemer]

.....this M would be bullish on XLF .... if it could get down to 78 % level

 

[mu200411]

elovemer,
This link may answer your question.
Bulkowski's Big W
http://thepatternsite.com/bigw.html
Mu.

Quote from elovemer:04-17-08 06:01 AM

... how do you guys identify bullish W.s ?
... any measurements ?

 

[mu200411]

Status: Still hold long positions.
Strategy: Take profit on the ST long position at the resistance when there is a lower low. Re-enter after a 100, 10, 20 points retracement, allow for + or - 30% error.
Consider ST short position near measured move when there is a lower low. Cover short position after a 150, 10, 20 points retracement, allow for + or - 30% error.

 

[Mup]

Mu's covered the Bull option...

I still carn't rule out that yesterday was a "c" wave to finish of a larger "B" especially now that it's overbalanced that -7.5 ALT...

120min Globex...