Ewj: elliott wave

[ed]

Quote from mu200411:

ed,
This is abc5 and the five waves down.
mu.

Sorry Mu, I don't get it....

I thought abc are 5-3-5 or 3-3-5?

 

[elovemer]

..... maybe he means 3-3-5
...abc5... [ a3b3c5 ]

Quote from ed:
Sorry Mu, I don't get it....
I thought abc are 5-3-5 or 3-3-5?

 

[Mup]

Quick scribble on the 120min Globex

Incorrect above that 1275 ... If Above that 1275 we need to slide the pattern upon degree so the lesser "a" becomes the completed larger B or 2

 

[Mup]

Not technical at all these markets
http://www.elitetrader.com/vb/attachment.php?s=&postid=2059746

in the lesser 3rd now

120min Globex

 

[Mup]

Quote from Mup:

Update on LEH...

Under 4 bucks is the 1:1 :eek:

Its getting there

weekly LEH

 

[Mup]

SPX just hit it 50% of the move from fridays low so it will be interesting to see what it does around the key level...

Have to watch out that the last part of the move down into the 50% was not a C wave of a w-x-y. This would mean a lot of traders will be expecting a less wave 4 and 5 and could be cought short....

Anyway had a good morning on the move down so early lunch for me

 

[elovemer]

....possible count on that wave 2 bottom play....

 

[ed]

...looks like SPX may be keen to hit 1231 before resuming its upward climb.....

 

[ed]

Here's another possibility on the SPX.....

 

[ed]

...looks like an ED c-wave on the RUT 15min chart......:eek: