Ewj: elliott wave

[QuangViet]

Quote from QuangViet:

hi all my revision

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

it was nice spike - no matter which reason, whatever shortcovering or long....

beside EW, i work also with some other technical analyse like intermarket - sentiment indicator also, which give me market mood and the health of market direction. That why i call bottoming yesterday as SPX trade low 1200.

I will try to make sentiment auto update in realtime next days, today alreaday update as follow:

S & P 500 Sentiment >>>

Dow Sentiment >>>

OEX 100 Sentiment >>>


Nasdaq Sentiment >>>


EuroStoxx50 Sentiment >>>

DAX Sentiment >>>

hope it help

 

[Landis82]

Bulls: 27.8

Bears: 48.9

Investor's Intelligence Sentiment of Newsletter Writers.

http://www.schaeffersresearch.com/streetools/market_tools/inv_intel.aspx

 

[wavegenius]

Elliott Wave Forecast For 7.17.08

http://www.youtube.com/watch?v=JIRFw8g3mBc&e

 

[mu200411]

The WORST is over .
May be .
Should be .
Would be .

Evidences.
A rebound at measured move (Dow, SPX, support level for NASDAQ) after a complete wave count.
Wait for resistance trendline break for a long position buy signal.
All short positions should have been covered at the wave five failure.

 

[mu200411]

sg_ccw,
Thanks. This is my recount. We may be in wave three instead of wave one now.
Mu.

Quote from sg_ccw:

Mu,

If it is a wave 1 up today, it seems there is a lot overlaps.

It also appears too "extended" to look like a w3 or w5.

I am still thinking it looks like some sort of diagonal....

Well, we'll just have to find out tomorrow!

 

[elovemer]

possible W

 

[ed]

Quote from mu200411:

sg_ccw,
Thanks. This is my recount. We may be in wave three instead of wave one now.
Mu.

Thanks Mu for the update.

I took a step back and looked at the weekly chart. What's happening in the big picture is we could be in a W3 down or "C" down now.

As of yesterday's close :
W1 or "A" = 1561.27 - 1288.58 = 272.69
W3 or "C" = 1425.44 - 1240.16 = 185.28

185.28 / 272.69 = 0.6794

In both cases, W3 or "C" appears incomplete.

So I'm thinking the upturn should be a correction. If it's an ABC, It could be a w4 before a final move down. If it's a 1-2-3, then it could be a w4 of 1 or W2 of 1.

Whatever the outcome, my post is for learning only.....

 

[elovemer]

40...50...60

 

[Mup]

Quote from 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...

http://www.elitetrader.com/vb/attachment.php?s=&postid=1988893

Looks like Its come in on time :eek:

Nice call on the price action going into the measured move low btw QV

 

[Mup]

Update on the 60min SPX

A move back to the 38.2% @ 1292 would fit either the (B) or a wave iv...

Last correction was a flat so, maybe this move will sharp Zig-Zag with alternation...