Ewj: elliott wave

Quote from Mup:

That wasn't aimed at you sg...
It was aimed as Landis pointed out at our friends at EWI...
Sorry if it came across too directly...
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Don't worry Mup....

I got the picture although I was almost caught "in the line of fire"...... LOL

Still a pleasure to be part of this forum. Wave 5 of the ending diagonal seems to be well in place right now....:)
 
Needs to get a move on to bust that 61.8% @ 1250... otherwise a failed Vth comes into play....

Above 1257 swings the odds in the failed Vth count...Below 1257 still has a chance of a new low...so its a nice line in the Sand for bias...
 

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ED looks complete to me...

Btw its 34 trading days from the 19th May high for those who follow such timing pressures....:)
 
Quote from Mup:

ED looks complete to me...

Btw its 34 trading days from the 19th May high for those who follow such timing pressures....:)
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I think you are right..... looks like we are in a Wave (4) now...
 

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In an ideal world I'd like to see a move upto the 38.2% around 1314 on the SPX...As it would fit a Medium delta point I've been waiting for since the 21TD time frame :eek: :D

There's a least 3 possable counts at the moment:

The simple 1,2,3, now in a 4...

The completed A of a double Zig-Zag now up in a B...

The curve ball option is a triple Zig-zag count. Where this move up could be an (x-x).
A move higher than 36 points ie the size of the last (x) wave, would help move the odds away from this triple ziggy option...

:)
 
Thanks Mike :D

Hence the more bullish bias this moring with a host of Fib timing hits today...

Reminds me of that, old Hamilton Bolton saying:

Fibs lead, the waves just follow.....

:)
 
Quote from Mup
Needs to get a move on to bust that 61.8% @ 1250... otherwise a failed Vth comes into play....
Above 1257 swings the odds in the failed Vth count...Below 1257 still has a chance of a new low...so its a nice line in the Sand for bias...
http://www.elitetrader.com/vb/attachment.php?s=&postid=1986416
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The 61.8% ratio is Key when it comes to this type of pattern, once price holds a larger 61.8% in this case the 1250, and breaks above the lesser 61.8% back up ie the 1257... Then odds on, the price will go to at least the 1:1 of the larger 61.8% which was 1268...

Chart always helps :)

15min ES
 

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