Ewj: elliott wave

Quote from Mup:

OIH looks like its in its final ED wave 5..
Could do with a "throw over" into that 227-8 area to finish the pattern off nicely...

Daily OIH
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Mup, RIG and DO are making some HUGE right shoulders on their charts . . . These 2 stocks are 23% of the OIH, alone.

Could foreshadow the OIH rolling over?
 
Could very well Mike...:)

That last high of 225.24 could of been the end of the 5th as it went higher that the last swing high of the wave 3 @ 224.21....

The Euro in April did the same kind of ED pattern where we didn't get much throw over.. I'll post a chart of the euro's Aprils ED below... I'd just perfer a decent throw over to give a solid pattern sell :)

A Break below that 216 area will deffo signal the 5th is in and 187 would be the natural target area.......
 

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Quote from Landis82
Nice bounce here . . .
In my dreams, it's a 1, 2, (i), (ii),
:D
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If we finished that waterfall pattern, then a (B) wave should target the 38.2% of the move @ 1329 over the next week or two...:)
 

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Hi Mup, Mu200411 and Landis82,

I chanced upon this forum and am intrigued to find fellow Wave counters. I have not read all the posts from day one but I will, gradually.....

Landis,

On your last post, I thought it looks more like it is hovering in wave4 up now? I'm using the 10 min chart...
 
Hi sg_ccw and welcome to the thread :)

Handy this EW we got the Move down this morning & the move up this afternoon!.. :D:D

Quote from Mup:
Update on that count...:)
Still could have one more low to make if this move up from this morning low is now part of the ED wave 4...
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Quote from Mup
Got the move down into that T1 target area...
Now its needs to "hook back" above the 1272 low
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Quote from Mu
Wave five again . Expect a rebound
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Thanks Mup...

I'm seeing a full 5 waves up as at the close..... so there should be an A-B-C when the market opens tomorrow before the uptrend resumes.....
 
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