Ewj: elliott wave

The Ugly :mad: .
If the expected rebound happens below Wave 1) , this down move may be the beginning of Wave 4]c)5 which may not end until the 2003 low is reached :eek: .
 

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.... i love being the lone camper :0)
.... i was also and may still be the only camper who was calling 5th wave of 5th wave back in october.....for the reversal of trend at the highs....
..... i still don't see anyone else with a wave count of 5th wave ending back at october high.... have no idea why that is

....here is the count i am referring to...
 

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.... if the bad were to happen.... it would not take that long....we are almost there already.... although i have wave 1 being lower than yours....
Quote from mu200411:
The Bad :( .
750, 85, 190 points drop in five days is not to be taken lightly :eek: .
It may be the beginning of a bigger move, i.e., Wave 4)c.5 which may bring the Market down to top of Wave 1) :confused: .
More...
 
Quote from elovemer:
i was also and may still be the only camper who was calling 5th wave of 5th wave back in october.....for the reversal of trend at the highs.... i still don't see anyone else with a wave count of 5th wave ending back at october high.... have no idea why that is [/i]
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TraderRob also had a 5th wave count at the 07 Oct high.
I remember landis and I debating with TraderRob about the patten being made up of just 3 waves. So the wave is more likey corrective as part of an Exp flat b wave. Also you carn't really get a clean count on the 3rd wave ( march 03- july 07) due to overlapping structure.

:)
 
.....so... still up in the air amongst the crew ? :0)
...btw... great to have you back in the "real" world ... with us... Mup :)
Quote from Mup:
TraderRob also had a 5th wave count at the 07 Oct high.
I remember landis and I debating with TraderRob about the patten being made up of just 3 waves. So the wave is more likey corrective as part of an Exp flat b wave.
:)
More...
 
....on cash.... from 1200 .. we have 0.89 time retrace
.... and 0.828 price retracement.....
.....114.9 pts up..... 95.1 pts down
.... not bad symmetry
.... before the drop.... we had big time retracement.... but very small price retracement.....
 
Thanks elo :)

quick scribble on USO as a rough idea of possable structure... Not to scale just to give a possable overview.

This lesser "c" wave were currently in, should finish on a ratio of the lesser "a" such as 61.8, 78.6 88.6 & 1:1.

It was quite a sharp "a". Which could take some of the steam out of following "c "wave, so the 61.8 /78.6 could be a something to keep an eye on..

Daily USO
 

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....to those who got long on the possible wave 2 bottom.... just remember that you heard it on Mu's board first.... :0)
.....even if it does not pan out [to be a wave 2 bottom]... it was a great play.... :)
....and if it does pan out....don't worry missed longs because there will be lots more long entries to look forward to....
 
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