Ewj: elliott wave

[bh_prop]

Possible but seems doubtful given the upside leadership of smalls and mids today.

Quote from Mup:

5min look on the ES on what the bears see....

 

[Mup]

Nicely called bh... the OEX & MID's do help alot when assessing TA pattern points..

the Bull view....15min ES

 

[mu200411]

Reverse Head and Shoulders patterns in the indices still hold .
There is some resistance at measured move and August 16th, 2007 close , but r-sHs target may push us above the resistance trendline .

 

[mu200411]

Status:
ST long position closed when the return move failed and the "sHs" pattern was confirmed. ST long position re-opened at the end of wave :v near measured move when there was a higher high.
ST long position was not closed at .â:á measured move because there was no lower low.
Strategy:
Plan to reverse the ST long position at the end of wave i where there is a double measured move and reverse again at the end of wave ii which may be a Flat correction.
Reconsider the analysis when wave i is surpassed.

 

[mu200411]

It turns out to be a five wave pattern, the correction that follows may not be as deep as I first thougt of.
The correction may stop at today low and then rebound to new high.

 

[elovemer]

M

 

[elovemer]

possible W

 

[mu200411]

Status:
Long positions closed at fifth subwave of fifth wave. LT long position bought back at the small "m" neckline.
Strategy:
Wait to see if the small "m" neckline can hold.

 

[elovemer]

.... seems to be working so far.......

Quote from elovemer:
possible W

 

[Mup]

This pattern is an interesting one...

Its W-X-Y with alternation between the W (flat) and the Y a (zig-zag)...

120min on the INDU for a change...

see what you think