Ewj: elliott wave

.... possible weakness into first hour today wednesday.....
.... still waiting on a 3rd wave up..... to complete....[IF SO], needs to get going already
... this shot is of the bottoming process on the daily chart...
.... to the left off the big move up to 1441...you see two M's
... and on M to the right....

... on these M's.... you see a process of getting stronger.... first one sloping down... second one about even... and the third one sloping up.....
.... you can compare this chart to the current daily chart to see where you think we are now....
 

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Quote from elovemer:

.... possible weakness into first hour today wednesday.....
.... still waiting on a 3rd wave up..... to complete....[IF SO], needs to get going already
... this shot is of the bottoming process on the daily chart...
.... to the left off the big move up to 1441...you see two M's
... and on M to the right....

... on these M's.... you see a process of getting stronger.... first one sloping down... second one about even... and the third one sloping up.....
.... you can compare this chart to the current daily chart to see where you think we are now....
More...

Elo,

I think your chart is laterally inverted...:( Is that intentional?:D

While I don't fully understand what you mean in your above post, I do think there is some upside to the market.... at least for a while.....:)

It's been a nightmare trying to decipher the charts:confused:
 
..... yes Ed (inverted).... that is why i said "compare to current daily chart"
....check it out....
... :)
...edit...i was referring to the two humps on each M ... the slope of the humps if you will
....edit... i meant compare so that you can see where we are on this map.... what part of the process.....
 
Monsooning down today so a quick check on whats going on..

While its still holding its ALT;s ie the last -57 point correction which comes in around the 1256 area the bulls are still cracking the whip. C=A would give 1349 area for them to aim at.

Interesting time pressure on the 21st day of the 8th month of the 8th year tomorrow with a host of lesser fib time hits for those who watch such things.....

120min SPX :)
 

Attachments

Quote from elovemer:

..... yes Ed (inverted).... that is why i said "compare to current daily chart"
....check it out....
... :)
...edit...i was referring to the two humps on each M ... the slope of the humps if you will
....edit... i meant compare so that you can see where we are on this map.... what part of the process.....
More...

Elo,

Thanks, but I afraid I may be seeing something else in the charts instead.....:confused:

I guess to each his own? :)

Corrections has always been the achilles' heel in EW and quite a few other forms of TA. I have learnt (.... as Mu has also posted many times very early in this thread...) to let the waves complete themselves before drawing a conclusion. So I guess I'm just adopting a wait and see mindset now?

Mup,

I curios what kind of vacation you're on... is it a sabbatical?:)
 
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