Ewj: elliott wave

I'll be long at the open for the thrust and stall at 69 ES but I'm covering there. Were it cash I'd stay in to 80 but these yokels at night are a wily, rowdy bunch moving illiquid prices often in the direction of their low bids. 8 1/2 handles bracketed for a Sunday ain't none too shabby if you ask me.
 
Talks with Iran go nowhere.
CL +$1.25 on NYMEX electronic.
Tropical Storm "Dolly" in the Gulf.

89 days from the Bear Stearns low = Wednesday?
 
Quote from Landis82:

Talks with Iran go nowhere.
CL +$1.25 on NYMEX electronic.
Tropical Storm "Dolly" in the Gulf.

89 days from the Bear Stearns low = Wednesday?
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If not now. I took it on the chin for a two tick loss long right after the open.
 
You don't count 89 fibonacci days from a low to a high to a low..it doesn't make sense

You count fibonacci days from bottom to top, or top to bottom
 
Quote from ammo:

wave i watched your vid,there are no abc lines no wave lines ,just a chart and you talking,you need to work on that,2nd start your own thread,this is mu's
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With all due respect, I would tend to agree.
 
Quote from sg_ccw:

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.....

:D
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Whether 1-2-3 or ABC, I am looking for at least a 1:1 where SPX reaches about 1152.75.

So I believe we are in the midst of a w4 of 1 or w2 of 1 correction now.
 

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In the 15min SPX, I see some semblance of a Flat forming, but being corrective waves, it can be deceptive. If it is, I am hoping for 1 last leg up before the c wave down.....

Please excuse my lousy drawing and it is not to ratio.....
 

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