Ewj: elliott wave

Quote from mu200411:

The Dow is going down as Minute WAVE V]V)IVc]1)3.5 which nearing a measured move. There may be a rebound to 12,900 level soon.
SPX and COMPQ are still qualified for Subminuette WAVE V]V)V1]5)1.2:cv which is near measured move. There may be a rebound to 1,335 and 2420 level soon.
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Wave 1 in your count looks far too long, no?
 
Bit of Support around the 1:1 as Mu pointed out earlier..:)

On labeling, I carn't lable the SPX 1,2,3,4,5 from the 6th of June swing high, because wave 3 would be the shortest & we get overlap between wave 1 & 4.....Hence my Zig-zag count...

The other option is the EWI end of the world 1,2,i,ii,1,2,3 count... :eek: posted it here
http://www.elitetrader.com/vb/attachment.php?s=&postid=1972675
The "rate of desent" is to shallow for such a count at the moment ,imho...

Personnally I'd like to see an ED pattern develope, As it would give a "heads up" on a finishing of the C wave going into that T1 area of 1263...

SPX 120min
 

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Agree Mu we need a move up to at least above 1291 (fridays high) (ES)...

Although at the moment I carn't rule out , this move up being part of an ED wave ii..

15min ES :)
 

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Quote from Mup:

On labeling, I can't label the SPX 1,2,3,4,5 from the 6th of June swing high, because wave 3 would be the shortest & we get overlap between wave 1 & 4.....Hence my Zig-zag count...
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Agreed.

But as far as the current count is concerned, don't we actually have yet another 4 here before we drop into 5 to the downside to complete this 3 wave that has sub-divided?
 
hi all, another case for ES

spx_20080630_190225.gif
 
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