Ewj: elliott wave

[Mup]

Untill it starts overbalancing its measured moves the bias is still with the bears so that 1277.5 area will be key....The 50% sellers will probably get squeezed into 61.8%..

5min ES

 

[Mup]

Before the oil bears get to far ahead of themselfs....

This move down in CL could still be only a lesser wave 4 of a 5 wave C which then would complete an ED wave 1

CL#F

 

[Mup]

Breakbacks through previous wave highs are never the best sign for the bulls.... (57.7 is a Gann cube ratio btw)

5min ES

 

[Mup]

Quote from Mup:
Untill it starts overbalancing its measured moves the bias is still with the bears

Got the new low
1:1 comes in around 1233.5
Update
5min ES

 

[Mup]

Quote from Mup:
]We like to look outside the box as usual so that triple Zig-zag is still an option that I like, due to most having the simple 1,2,3 count with this move up being part of the 4.... Not many would expect a new low again...
http://www.elitetrader.com/vb/attachment.php?s=&postid=1981618
60min SPX [/i]

60min SPX...

 

[Mup]

Quote from sg_ccw
I don't understand. Shouldn't it be the other way round, where when everyone is seeing the same thing, then it has to be correct?

As the old Wyckoff saying goes....

Dumb money follows the herd.....

 

[mu200411]

New low. :eek:
No support .
No Buy signal until the resistance trendline is broken .
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Posted by mu200411 on 07-04-08 12:08 AM:

World Markets are on the verge of a cliff, ready to fall off.
No buy signal until the resistance trendline is broken.

 

[Mup]

That afternoon rally yestersday has opened up this count option...

Could very well get a move up into a larger (B) or an (x-x)

60min SPX

Count incorrect below that 1240 low...

 

[QuangViet]

hi mup,

my favor impulse

 

[Mup]

Agree we could have the final 5th of that lesser ED ...
The other option as shown on the last chart is the low is in and this is a 1,2 if the low holds...

5min ES