Ewj: elliott wave

[Mup]

Looks like we got the C wave down as per last chart on the Globex..

The 1:1 @ 1251 and the gap close just below..

120min SPX

 

[Mup]

15min ES with some ratios on...
looks like we've had 3 lesser waves down into the 61.8% area so we still need wave 4 then a 5 ..

 

[mu200411]

-239, -23, -43 :eek:
The Market looks impulsive downward .
On the way to target .

 

[elovemer]

... on that 38 day cycle.... approximate....
.... would leave friday and monday to complete the 38

 

[Mup]

Can count 5 lesser waves down going into that T1 zone on the chart between the 88.6% % 1:1 (1242-1238 es)

15min ES

 

[elovemer]

61% on daily ... so far

 

[mu200411]

-334, -36, -69 :eek:
Target reached. What next?
A 100, 10, 20 points rebound then another -350, -35, -70 downword .

 

[elovemer]

... here is one bullish possibility if it can get a bit lower

 

[mu200411]

The most bullish count is a wave five failure count , which is not bullish at all .
There are small Head and Shoulders pattern and large Head and Shoulders pattern forming :eek: which is not very bullish either.
A large junk of money is vaporizing in housing, oil and gold market all -20% or over.
No where to hide, no way to go :eek: .
But down .

 

[elovemer]

....already 127% on ES ....