Quote from elovemer
...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....![]()
Quote from elovemer:
..well.... a wave 2 bottom... SHOULD end where today bottomed....
....IF THIS IS NOT A WAVE 2 BOTTOM.... THEN WE HAVE A LONG LONG WAY TO GO DOWN FROM HERE ! :0)
...if this is a wave 2 bottom... then yesterday's massive drop will be erased in short order......just watch what volume does on the close
Quote from Mup:
I'm still in the upward bias camp elo
..... got a sharper C than I expected (at least we had the direction correct& were now down in between the the 78.6% and 88.6% still would fit a (b) wave of a larger degree Flat pattern.. classic "W/M" ratio's
Time wise I would of liked the 9/10th (point 8 ITD for the delta watchers ) as a low but if its come slightly early then I wont argue with ithttp://www.elitetrader.com/vb/attachment.php?s=&postid=2055155
120min SPX
Quote from Mup
It would do nicely a move back up as a final C wave..
The 1:1 or a ratio extention (127.2 ect) of the (a) wave should be on the cards if the pattern is correct.
http://www.elitetrader.com/vb/attachment.php?s=&postid=2055235
240min Globex
Handy that EW
