Ewj: elliott wave

[Mup]

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

Update

60min Globex...

 

[Mup]

The larger 120min SPX to help with context of degree..

 

[Landis82]

Looks like C=A around 1340

.382 = 1381

.500 = 1373

.618 = 1365

 

[mu200411]

INDU new low. Will the other two follow? :eek:

 

[mu200411]

Status:
Long positions closed and short position opened at open. Short position covered and ST long postion opened near support after wave five when there was a higher high.
Strategy:
Reverse ST long position at resistance level when there is a lower low.
INDU favors a downward move of 700, 65, 120 points.
COMPQ favors a upward move.
SPX needs a wave .v failure to be bullish.
There is still no consensus. Will new low in INDU be a Bear Trap?

 

[mu200411]

Five waves up. There may be another 150, 15, 35 points up move.

 

[mu200411]

Lower low. Time to get out.

 

[mu200411]

Look like a complete a-b-c .
Prepare to get in .

 

[Mup]

Mu beat me to it...

Petty much the only real bull pattern is an a-b-c flat pattern at that 1387 .....

Nice line in the sand...

 

[mu200411]

Thanks, Mup.
Mu.

Wave a-b-c . Next wave is up to wave iii?