Ewj: elliott wave

[Mup]

Still could also be in a normal triangle pattern...The wave 5 of the ED seems to sloppy at the moment..?


15min SPX

 

[mu200411]

sg_ccw
NASDAQ is forming a not-so-perfect reversed Head and Shoulders pattern.
Mu.
Edit: 12:10 PM
Note: NASDAQ has reached the 40 points target.

Quote from sg_ccw:07-18-08 05:48 PM
Mu, Can I know what is a r-sHs? Thanks.

Thanks Xuanxue.
Mu.

Quote from Xuanxue:07-18-08 06:01 PM
............ Reversal Head & Shoulders? Just a guess.

 

[bh_prop]

Not to nitpick but the potential ES ending diagonal started with the 1241 low. Correct me if I am wrong but that simply means when it has completed we can expect a quick retrace to the 1241 point of origin. Your down line projecting a revisit of 1212 seems awfully aggressive and in my opinion somewhat improbable given the underlying strength of financials and small caps.

Quote from Mup:

ED looks more promising now..

5min ES

 

[ed]

Quote from Xuanxue:

Reversal Head & Shoulders? Just a guess.

Bingo!

Thanks Mu!

I'm waiting for the slow triangle to complete.....

 

[Mup]

I do agree bh,

Its also bothers me that the EWI counters see the ED pattern.

I do perfer the normal triangle count I posted last night, but if the pattern morphs into an ED which I carn;t rule out just yet then I'll just have to go with what the pattern say's

 

[Mup]

Looks like we can now...

Simple 15min SPX count...
If it goes below that 1250 area then thing need to be reconsidered...

 

[mu200411]

Supporting trendline is broken :eek: .
What next?

 

[ed]

Quote from mu200411:

Supporting trendline is broken :eek: .
What next?

Could this have been an entire diagonal all along?

 

[freddy61]

Mup,

Something is very interesting about SPX 1262.5 resistance point. The market has failed 3 times to penetrate it with no success. Trying to figure out the validity of that number has been my priority since yesterday. I could only find that it represent 78.6% retracement of the drop from SPX 1277 to 1200. Do you have other suggestions??? Thanks!!!

 

[mu200411]

New low :eek: .
A measured move to go .