Ewj: elliott wave

[elovemer]

gld 261%

 

[mu200411]

Wave :1 ended quite close to target.
Next two target given.
May 14th, 2008
.2= 12270.79 1324.35 2266.29
:1= 13132.21 1422.72 2499.1399 <- (.v?= Target)
:2= 12716 1384.11 2429.03
.3:3v?= 13577.42 1482.48 2661.8799
:3i= 12903.9902 1406.01 2491.02
:3ii= 12787.8896 1396.26 2472.5801
:3iii?= 12975.8798 1418.16 2534.5701

Status:
Hold long positions.
Strategy:
Hold to target of wave :3iii?=

Quote from mu200411:
Fifth wave of a higher degree and 60% retracement near the left shoulder to be. Open ST long position for a gambling. Prepare to cut loss early too.

Quote from mu200411:04-19-08 02:25 PM

INDU, S&P, NASDAQ and TRAN charts look like confirmed Reverse Head and Shoulders patterns. Target may be as followed.
.i= 12625.0498, 1365.49, 2352.21
.ii= 12567.4004, 1357.25, 2327.6499
.III?= 12921.6602, 1398.39, 2413.5699
.iii= 12893.7305, 1395.9, 2412.6299
.iv= 12812.5596, 1386, 2397.0601
.v?= 13138.8897, 1424.65. 2482.0401

 

[Mup]

Quote from Mup:

Just a 120min Globex scribble to help with the ED wave (iii) pattern...
http://www.elitetrader.com/vb/attachment.php?s=&postid=1919268

Update on that 120min Scribble

 

[Mup]

To add to Mikes Longer term post...

I've not seen this option mentioned very often...

A 13 year triangle wave 4 ...

Weekly SPX

 

[mu200411]

Target reached and a lower low.
Take profit on ST long position. Buy back when there is a higher high.

 

[Landis82]

Quote from Mup:

To add to Mikes Longer term post...

I've not seen this option mentioned very often...

A 13 year triangle wave 4 ...

Weekly SPX

Wow, wouldn't THAT BE SOMETHING!!!
Cool!

 

[mu200411]

Hit target at the beginning of wave five which should be 150, 15, 30 points long. Hold on to long positions.
Hope this is not a Bull Trap.

 

[Landis82]

Just trailed off and broke the R2 pivot around 1412 SPX.

Now trading through the 50% retrace of the entire day's range.

61.8% comes in around 1408.50 if you use the 1401.18 SPX low in yesterday's last half hour.

 

[elovemer]

....here is the fib i really regret having missed today....
.... i was watching abcd move to 25 rather than watching for a reversal at 21.5

 

[mu200411]

Status:
Sold at the Bull Trap when there is a fifth wave down . Bought back at close near top of wave .i .
Strategy:
There is little margin of error on the down side which will make the Market go down a 300, 40, 50 points measured move .
The upside potential is 250, 25, 200 points .