Ewj: elliott wave

[mu200411]

Thanks Mup,
Mu.

Five waves up and a-b-c. May be 80, 8, 16 points up before going down.

 

[mu200411]

Fifth wave near wave four. Should sell when there is a lower low.

 

[mu200411]

Next new high may be a Bull Trap .

 

[mu200411]

ST long position closed. Prepare to open ST short position at next sell signal.
Prepare to re-open ST long position if "W" pattern is confirmed.

 

[elovemer]

....i am watching 66-67 for a sell.
... am long for now over here

... i was considering one more wave down on 4 hour chart... .. but have to see yet...

...last down was not as oversold as i was looking for

 

[ammo]

65 -66 is yesterdays nip on mp

 

[Mup]

Alts as usual give a good line in the sand...

15min ES....

 

[Mup]

Quote from Mup
Have to watch out for a possable ED C wave ( Globex) with that time pressure...
http://www.elitetrader.com/vb/attachment.php?s=&postid=1952553

Update on that Globex chart....

 

[Mup]

This a-b-c on a time and price square could be problem for the bulls...

 

[elovemer]

... could be way off here... but to me another wave down on 4 hour chart looks possible for 5 waves total on diagonal
.... which would complete the measured move on daily chart

Quote from elovemer:
....i am watching 66-67 for a sell.
... am long for now over here
... i was considering one more wave down on 4 hour chart... .. but have to see yet...
...last down was not as oversold as i was looking for