Ewj: elliott wave

[elovemer]

GS weekly ... for an up move ... after hit lower target at 78%

 

[mu200411]

New low. Third wave .

 

[Mup]

Thanks sg

Pleased you find some of the waffling useful

Agree with Mu in a 3rd wave but of a C

 

[mu200411]

Measured and a rebound.
Wave :iii should be an extended wave and 1.6 to 2.6 times wave :i.

 

[QuangViet]

hi all my revision

@ 1200.99 SPX index, downturn is finished, i bet on rebound in bearmarket now

 

[elovemer]

... 1210.25 .....
... possible shoulder level
....10 minute frame

.... also 61% there

 

[Mup]

Thats a bold call QuangViet ....

Still carn't rule out its morphing into a larger ED going into OE...

60min SPX

 

[Mup]

Quote from elovemer:
GS weekly ... for an up move ... after hit lower target at 78%

Could morph into a w-x-y just been easier to keep it on a simple 1,2,3...

Quote from Mup:

Speaking of GS...

The whole pattern of the March low looks corrective...

The question is, has it completed a simple a-b-c..

Or is the correction going to morph into a more complex w-x-y..

The simple a-b-c then, 1,2 has the cleaner count..


Put both options on a daily

http://www.elitetrader.com/vb/attachment.php?s=&postid=1959701[/i]

 

[elovemer]

....on GS.... thanks mup


.... on SPY weekly..... abcd lies between 50% and 61.8%

 

[mu200411]

Wave .iv invaded wave .i territory, wave .v may be a failure and there may be no new low.
Wave .iv may be in fact a wave .ii and there may be more downward movement.
The support or resistance trendline may be a good trigger.