Ewj: elliott wave

Target reached for SPX and NASDAQ :) . Measured move also reached :D . What next :confused: ?
Today high 11792, 1305, 2440
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Posted by mu200411 on 07-31-08 09:41 AM:
Wave :3v came on schedule.
The small measured move to July 23 top at 11667, 1289, 2339 is easy to reach .
The larger measured move will bring the Market to 11820, 1305, 2410 .
 
...well... looks like my ending diagonal went out the window...:D

I noticed that the volume on the INDU seems a little low on Friday and today, and yet we are up almost 400 points!
 
Quote from mu200411:

The last SPX up wave is longer than the previous SPX up wave, 1212123 count is the most likely count now :D .
More...

The little a-b-c looks to be over with and we should rally STRONG now in IMPULSIVE fashion as we begin iii of (3) of 3.

:cool:
 
I agree Landis :D , there should be a STRONG IMPULSIVE rally next week.
Mu.
Quote from Landis82:

The little a-b-c looks to be over with and we should rally STRONG now in IMPULSIVE fashion as we begin iii of (3) of 3.

:cool:
More...
 

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Now that the present up move had surpassed the March 17th low, downward 1-2-3-4-5 count is unlikely :) .
This up move should reach measured move or beyond.
Wave :4 may come at resistance level :( but should not invade wave :1 territory :) , then wave :5 :D .
 

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.... pull back to 1270 ... COULD be bullish

.... GM needs to hold these levels to start to make its move.... go GM !

.... messy chart pattern
 

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If the BULL is any good, a "coiling" 1, 2, 1, 2, 1, 2, should be taking place . . . Could simply be playing "possum" here and sucking in more shorts . . .

Be patient LONGS.
 
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