Ewj: elliott wave

[mu200411]

Cut loss at open .
Now at -300, -30, -50, it may be time to prepare to get in .
Expect a 1/3 to 1/2 rebound, then get out again .

 

[Mup]

Some SPX levels
Starting with the 38.2 around 1368 then ratio's of the wave 1 or A...(61.8 , 78.6 & 100%)
120min SPX....

 

[Mup]

Very key level on the INDU the 12269..

If we trade below that last Medium Delta low swing point. It means the next higher frame has come in teh LTD..

 

[Mup]

Same count on USO as CL#F

 

[Mup]

OIH has still not ruled out that ED pattern just yet..

 

[elovemer]

....that is the beginning of the ending diagonal....

..... on euro .... have a 78% and 78% ..... just need a 127% or 161% to finish W pattern...daily

.... soybean ... 161% target for a sell on W pattern ... daily

Quote from Mup:
Very key level on the INDU the 12269..
If we trade below that last Medium Delta low swing point. It means the next higher frame has come in teh LTD..

 

[Mup]

Hi Mark,

Like Mu's says we have a few options...

I've had a slightly more bearish stance on the larger degree counts...

Here's a few recent posts to show what i've been leaning with....

Quote from Mup:
The question on the SPX is , has it completed the (X) wave or not...

The options are: its finished its lesser (a) wave and is now in the lesser (b) before moving back up for the final (c) to complete the 3 wave (X).

Or its already completed the (X) as a 5 wave triangle pattern.. I'm kinda leaning with this idea as it would catch the most people out...

I've put both options on a daily chart....That swing low at 1324 is key above that level it has a chance of a lesser (c)..Below it, then the odds swing greatly in favour of the triangle (X)....

See what you think

http://www.elitetrader.com/vb/attachment.php?s=&postid=1935458
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For a slightly more out the box count on the weekly SPX

http://www.elitetrader.com/vb/attachment.php?s=&postid=1920450

 

[Mup]

Q uote from elovemer:....according to yous analysis.... the 2nd wave may end sometime tomorrow... .which would be the time to get in short for the third wave ? [/i]

When looking at timing Flat pattern's..

C wave should normally be equal in time with A wave or a ratio ext....

When both time and price square out...ie both are 1:1 we get these sharp moves....

In this case 9 120min bars each in time...(1:1) & 33 points in price each (1:1)...

 

[elovemer]

....thanks mup... .your vacation just got in the way this time ... :0)

Quote from Mup:
When looking at timing Flat pattern's..

 

[Landis82]

1351.50 = .786

1337 = C = A