Ewj: elliott wave

[Landis82]

Quote from Mup:

Daily USO

Mup,

Care to put up a Daily USO or better yet, a Daily UNG chart?

The Nat-Gas (UNG) has gotten killed the last several days, and I'm looking to play a bounce in the likes of APA, DVN, and CHK, if you know what I mean!

 

[elovemer]

38.2 % on daily

 

[QuangViet]

possible intraday movement

But don't forget sentiment:

S & P 500 Sentiment EOD>>>

Dow Sentiment EOD >>>

OEX 100 Sentiment EOD >>>

Nasdaq Sentiment EOD >>>

 

[Landis82]

MUP,

The UNG (nat-gas) has now retraced 80% of the rally up from the March lows . . . Amazing!

See chart.

 

[Landis82]

PS. SPX is 89 days from the Bear Stearns "low" TODAY!

And we just happened to hit the SPX 38.2% retracement too.

 

[Mup]

Nice chart Mike..

I'm at the beach this week enjoying the sun so not really had chance to take a closer look at things.

 

[mu200411]

So there was that some more naked shorts which took the Market lower, then there was a new high as expected .
Now we are in wave :iv, there may be new high again today before a set back .

Quote from mu200411:07-22-08 02:43 AM
I think the Market needs some more naked shorts to jump higher .
But the timing is quite right for a new high.

 

[mu200411]

Trendline Break :eek: .
What's next?
Wave five failure?

 

[Xuanxue]

Quote from mu200411:

Trendline Break :eek: .
What's next?
Wave five failure?

C wave off the 5th which is the 2nd but looking for a 3rd? LOL!

If not, head fakes to new lows and a bottom.

Work up possibilities forecasting Mu if you please. Thanks in advance.

 

[Landis82]

38.2% retracement comes in around 1257 SPX