Ewj: elliott wave

[Mup]

Quote from Mup
Bears will looking for this new low if its stalls out here..
http://www.elitetrader.com/vb/attachment.php?s=&postid=1980150

Looking better

1:1 comes in at 1269....

 

[Mup]

Quote from Landis82:
OIH in a bit of trouble!

Looks that way if we get a nasty reversal bar close on the daily...

 

[Landis82]

Looks like 5 waves down targeting 219.00 right now.

 

[Mup]

Close Below 218.40 would be nice as it would trigger all the preset momentum boxes off when they do there overnight scans tonight...

 

[Landis82]

Quote from Mup:

Close Below 218.40 would be nice as it would trigger all the preset momentum boxes off when they do there overnight scans tonight...

With rails, coal, and steel getting hit - - - someone wants out of the OIH in a bad way too!

 

[Mup]

I'm just pleased they took note of Mups 228 area

 

[Landis82]

Quote from Mup:

I'm just pleased they took note of Mups 228 area

Excellent call Mup!

 

[Mup]

Quote from Mup
Looking better
http://www.elitetrader.com/vb/attachment.php?s=&postid=1980176
1:1 comes in at 1269....

Got there

 

[Landis82]

Yet another "measured-move" to the downside. Amazing!

 

[Mup]

Its overbalanced its 1:1 which is never a good sign for the bulls...new lows are normally the cards just deepends if's time left to do it today ( hopefully there will be....

Thanks Mike! 216 now