Ewj: elliott wave

Quote from Mup
Well its now overbalanced its last Alt of -10.75...
Thats a warning flag...
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Proved to be a big warning flag :eek: as soon as the 50% went the bears were back in control.. I would of liked the ED pattern as it would of given a great set up..for a sharp sell off.. ... Seems I was counting to slowly for a change :D.... we did get a sharp sell off, so I'll re-adjust the 60min to a simple a-b-c...

Only a +36 point move back up ,puts the a-b-c in the x-x or iv labeling group.

I see where your coming from sg, just looks a bit too implusive for a b wave ??

Update on that 60min
I've put both the simple 1,2,3 count on and the more complex triple :)

1220 looks on the cards...
 

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according to the fib count on the think or swim wed after school class,this is a buy /support area start with 8/02/04 as low
 
Quote from Mup:


I see where your coming from sg, just looks a bit too implusive for a b wave ??
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Thanks for the chart Mup!

Based on the 1,2,3 count, I thought we were already in (4) when actually we're still stuck in (iv).......

I really appreciate your charts! Thanks!:)
 
bear is still overhand

spx_20080710_144401.gif


SPX forming impulse 12345 of V

spx_20080710_131716.gif



S & P 500 Sentiment and Near Term Outlook >>>
 
So it is wave three (:iii) as expected which is a little bit longer than wave one (:i) and followed by wave :v. :cool:
Quote from mu200411:07-10-08 02:25 AM

New low, break support. Looks like wave three which should be longer than wave one :( . If not the Bulls may regain some hope :) .
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This may be the beginning of the expected wave v :( to 10627, 1156, 2140 level or wave .á of wave iv which requires another rebound :) before a plunge :eek: . A new low will confirm the former.

Quote from mu200411:07-09-08 10:58 PM
Measured move with an ascending wedge :eek: .
Is it an a-b-c after the profitable trendline break?
What's next? :confused:
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Quote from mu200411:07-09-08 12:49 AM
There is the wave :v as expected :cool: .
Now is wave five of the third wave or wave c :eek: .
Wait to see whether there is another bigger wave v to 10627, 1156, 2140 or not :confused: .
The Market has stablized and is at the resistance trendline :) .
This crossing, if ever, will be good for the world as a whole :D .
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Simple line in the sand the ALt ...The bears will be watching....

+ve bias on a close above ....
-ve if it carn't close it out ...

15min ES
 

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I have enjoyed reading your posts for the past few days. I'm very impressed and will contribute to this site whenever possible. I'm a position trader and use Fib, Elliot wave, astrology, etc.. For the low that I'm expecting to materialize in the next few weeks is SPX 1170.
 
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