Ewj: elliott wave

[elovemer]

.... ... don't stop it now..... it has not reached 1415 yet
...... sell could come earlier than expected.... but friday or monday would be better
....also .... if not 61% ..... 78% target could also provide a Hd Shldrs setup
....although NQ head shoulders is not playing out .... daily chart
....yesterday was inverse head and shoulders accumulation and this morning looked like accumulation as well
.... 50% from 41 .... at 05 here

Quote from Mup:
Seems like us TA traders are all seeing the same options
...

 

[Mup]

If we're all seeing the same thing, then it very well might get there elo ....

the 50% might give a little trouble around the 1405.75 area....

 

[elovemer]

bearish W .... top of something ?

 

[Mup]

Few ratio's going into that high that would fit a w-x-y pattern, together with that 50% on the SPX...

60min Globex..

 

[elovemer]

.....for tomorrow.... i am projecting 1415.25 measured move....
..... and 1420 as the 161% extension
.... 1414 is the 61% retrace and 1425 is 78%
..... 1420 is right between and previous resistance....

....today a tick chart bearish w marked the top .... if this happens at either of these targets tomorrow.... you just couldn't ask for more from senior market...

.... if this IS a correction of impulsive down move .... then it looks like it could be a double zig-zag to me.... yous ?

 

[elovemer]

zig

 

[mu200411]

This is a turning point. The Market should answer today whether it is an a-b-c or a 1-2-3-4-5.

Status:
Sold at Landis' target 1404/1411 when there was a lower low.
Bought at close when there was a higher high. Now hold long positions again.
Strategy:
Sell if there is a lower low . Hold if the Market shows the fifth wave.
Go short below wave á.

 

[mu200411]

Out of a symmetrical triangle. A buy signal?

 

[elovemer]

..... today is looking like a nice setup for a gap up.... close on the high.... get everyone long monday .... short opp
..... which reverses itself on tuesday
..... as high as 78%
.... on low volume but higher of course than today's volume
.... anything is possible but ... today just seems to be a good setup for this scenario

 

[mu200411]

The Market has not disclosed itself today . There are divergences between INDU, SPX and COMPQ . The answer is due on Monday .
May be? .
Status.
Still hold long positions.
Strategy.
Follow the consensus.