Ewj: elliott wave

[Mup]

Have to be Mindful of an ED pattern.....

15min ES

Thanks Freddy & welcome to Mu's thread..

 

[ed]

welcome freddy... i have been captivated by the great posts here too.... and i joined only a couple of posts earlier than you.....

 

[Mup]

Timing wise, The 14th/15th of July gets a lot of cally day hits which would fit an MTD point to end this wave...

Price wise that 1222 area would be nice from those waterfall pattern ratio's as the T2 target..

http://www.elitetrader.com/vb/attachment.php?s=&postid=1976363

 

[mu200411]

There was wave :vii after wave :v :eek: , it turned out, so it might be a double zigzag of irregular wave iv.â (A Bear Trap) as suspected due to the time equivalent between wave iv and wave ii.
The rebound can go to top of wave .á near 11400, 1276, 2295 = 300, 40, 60 points from the low , a profitable trade .

 

[QuangViet]

my target for is 1219 and will reach tomorrow, then rebound toward to next degree, then down to make new low again

happy trading to all

 

[Mup]

Quote from Mup
Have to be Mindful of an ED pattern.....
http://www.elitetrader.com/vb/attachment.php?s=&postid=1988843
15min ES

Update...

 

[mu200411]

At a closer look there is a possibility of an irregular wave .ii which has just ended as a ED. If the Market falls too hard, it may turn out to be wave .iii.
1246 is the exit point .

 

[freddy61]

I think we should first retrace at to 50% to 55% of the drop from SPX 1277 to SPX 1237.44 which should get us to SPX 1258-1259.

 

[ed]

freddy, i think i agree with you

.....there's an ascending triangle in the spx 15 min chart....

 

[freddy61]

Speaking of timing and strictly SPX, July 18, 2006 was a secondary low+1 year we got July 16, 2007 High + 1 year we should get MUP July 14/15th low of 1222 and maybe lower. Low, high, low based on 1 year cycle.