Ewj: elliott wave

Quote from Mup:

Looking better :)
Could morph into a larger triangle , but for now its easier to keep it simple...

I'll take a look a OIH when I'm back in the office :D
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Looking forward to your analysis on the OIH, as always Mup!
:)
 
Yet, another A-B-C measured-move today:

1291.67 - 1273.06 = 18.61 (A)

1282.89 (B) - 18.61 =

1264.28 (C)

The above number happens to be a .618 retracement of the recent rally off the 1247.44 low.

If Mr. Market doesn't go down tomorrow on the FNM earnings, we could be set for a strong rally to the upside!
 
classic p shape on market profile.rally up tommorrow,fnm must be built in already,sell the rumor,buy the news,look for dip to 61 and rally
 
Three more counts add to Mup's :confused: .
The Market will choose the right answer :cool: .
First choice by going straight down from the completed a-b-c-d-e :mad: .
Otherwise look for price action at the pivot point 11685, 1291, 2386, straight up will be 1212123 :D , up then down = ed :) , down then up is an ascending a-b-c-d-e :( .
Only one in four chances for the Bulls :eek: .
 

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What a strong start! The market must be drawing strength from the Olympics opening ceremony right?:D

I've drawn another possible count for the SPX 60min....
 

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Quote from Landis82:

So far so good . . .

Looks like a 1, 2, (1), (2), i, ii, and then SCREAMER!!!

:D
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Landis & Ammo

Very good reads both of you made yesterday! It was certainly not easy to be bullish in the face of the 200 points drop in the INDU yesterday!

Keep it up guys!:)
 
Looks like everyone put their trades on in the morning and left for the Hamptons.

Either that or they are sitting watching paint dry and grass grow.
 
Quote from ericmoles:

Looks like everyone put their trades on in the morning and left for the Hamptons.

Either that or they are sitting watching paint dry and grass grow.
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.... and there is the wonderful Beijing Olympics opening ceremony to watch right?
 
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