Ewj: elliott wave

[Landis82]

Quote from Mup:

We'll have see what paulson has to say.....

Paulson said nothing.
They are just "monitoring" the situation, as usual.
He didn't even use the word "bail-out" in his official statement.
And the analyst at Fox-Pitt, Howard Shapiro says that Fannie and Freddie would have to take pre-tax losses of $77 BILLION in order for the Govt. to finally step-in and rescue it, which Shapiro deems as highly unlikely.

 

[Mup]

Statement worked... we got the move back down back down from the 50%

Now hopefully we go up in the "c" wave of a iv...If i'm counting to fast we could still be in a wave ii of an ED.

I'll scribble that option on an ES 15min

 

[Mup]

Next "degree up" possable ED count...

15min ES

 

[Mup]

Well looks like it wants to roll over, so The last ED wave ii count looks out the window...Still in wave i at best... as a double 3.. Needs to bounce here, Otherwise its back to the simple count as mentioned before...

 

[Mup]

15min with the double 3 wave i

There;s a chance it could triple, but for the moment I'll leave the double wave i count on...

The ALt count is, this move down with all the Overlaps is a Leading diag wave 1 of 3 or C...

 

[mu200411]

Wave iv is a running triangle.
Wave v started from Thursday close and could be 600, 60, 120 points long :eek: down to top of Intermediate wave 1) at 10627, 1156, 2140.

 

[mu200411]

This is the correct chart.

Quote from 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 .

 

[Landis82]

Investor's Intelligence Bullish Sentiment at 27.4% ( as of July 9th ), lower than the October 25th, 2002 lows. Bears at 47.x%

NOTE: Bulls were at 31.1% week of March 14th, 2008 ( Bear Stearns lows ).

 

[ed]

I stared hard at some of the earlier charts and could not figure it out..... then realized it was not SPX but ES charts :eek:

Is my chart in sync with what is posted here, or am I way off somewhere?

 

[QuangViet]

hi everyone,

@ mup still love WXY-XXZ

Quote from 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

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