Ewj: elliott wave
- Thread starter mu200411
- Start date
Selfish of me to think this way, but how I wish there can be regular (...but intermittent) thunderstorms so that you can be with us more.......
On the daily SPX, I would prefer a 50% retracement to about 1325 so that there can be huge "3" down......
Just in case you missed some earlier posts, my username was sg.....
Quote from ed:
Mu,
Looks like you are going to get both!!!
First a measured move down, then a new high.....
Let's see if 1265 holds, or then 1259 if it doesn't....
I like this count.
It would project 1309 / 1315.
The other one ( that Mup suggests that "B" is over and we are heading into "C" for 1050 SPX ) is too scary for me!
A measured move down so it is wave i.v and wave ii. Next will be wave iii-iv-v to 11820, 1305, 2410 , because wave i is an extended wave.
The Market always pushes the majority to the wrong side
.
Where does the majority stand now
?
, because wave i is an extended wave.But the Market still keeps another option opened by keeping the Dow below 11731, the third 1-2-3-4-5 can be a short c-wave of a zigzag correction type II where c is much shorter than a.Quote from mu200411:08-01-08 01:27 AM
From here we can have a mesured move down or a new high.
If the last top is i.v we'll get the former, if v.i the latter
The Market always pushes the majority to the wrong side
.Where does the majority stand now
?