Ewj: elliott wave

[mu200411]

Thanks Landis,
That is my original count. But it will take us to $140 per barrel :eek:, where I cannot survive! .
So I opt for an ED.
Mu.

 

[ammo]

www.charthub.com/images/2008/04/24/MP-POC-VA-singles
notice the barely traded area between 1375 and 64, and then another bald patch down to 43,that image didn't come up, on the left go to MP POC VA singles

 

[mu200411]

Status.
Sold at "M" pattern and Bought back at "W"-like pattern confirmation.
Strategy.
Reverse Head and Shoulders if confirmed will send the Market to 12950, 1400, 2440. So hold long positions to target unless there is a lower low.

 

[Mup]

Mu's covered the bull option...

Its Stoped at its lesser 78.6% @ 1385.....

The bears will be watching for....If it carn't clear that lesser 78.6% or the key 1387 just above...

Its a Key MOB point the 1387 area on the Globex.. its a 1:1 measured move into a 61.8%..Needs to bust through that to prove the bulls really are in control....

120min Globex

 

[Mup]

Any thoughts on a messy triangular Y wave ??? A part of a double 3....

Quick 120min SPX scribble....

 

[Mup]

The Bulls could see a completed ED C wave of an a-b-c pattern...

Needs to get above that key 1387 to make it the completed lead count... ..

120min globex

 

[Mup]

On a side note I hope people cought that euro move

Quote from Mup

6E (euro) also cought my eye...
Looks like an ED wave 5 could of just finished....
The minimum Downside target is the start of of the ED @1.52 area....

 

[Landis82]

Quote from Mup:

On a side note I hope people cought that euro move

FXE is now trading under the 21-day MA for the first time since early Feb.

This is key for stocks!

 

[mu200411]

Reverse Head and Shoulders confirmed as expected.
There is some profit left to make if buy here at return move. But don't buy below neckline.

 

[Mup]

Quote from Landis82:

FXE is now trading under the 21-day MA for the first time since early Feb.This is key for stocks!

Might also make USO going to the ED 5th ...???

http://www.elitetrader.com/vb/attachment.php?s=&postid=1890944