Ewj: elliott wave

[Mup]

NP Mike

I also like the "feel" of the "ED" ed, just have to keep an eye out for this option as well..

W-X-Y (B) wave..

120min SPX

 

[mu200411]

Fourth wave of c wave.
If the fifth wave would like to extend, it should extend soon.

 

[elovemer]

...nice work everybody....

 

[Mup]

Just like yesterday the Alts are worth keeping an eye on..

Needs to clear the 1235.75 area inorder for the bears to start to become twitchy and give the bulls more confidence, if it carn't clear then expect the same as yesterday, If it can then a move above 1245 should be on

 

[ed]

Quote from mu200411:

Fourth wave of c wave.
If the fifth wave would like to extend, it should extend soon.

Could it be wave 2 of C wave? Seems a liitle strong to me....

 

[mu200411]

Five waves UP and a-b-c, there may be another five waves UP to 1250 .
Some hope now .

 

[Landis82]

Nice surge here in the SPX as crude oil closes near the lows.

 

[elovemer]

....very nice... looks like that 3rd wave up will be in pretty soon....

Quote from mu200411:
Five waves UP and a-b-c, there may be another five waves UP to 1250 .
Some hope now .

 

[Landis82]

That was a brilliant 10 handle A-B-C "measured-move" that took us down to 1222 SPX for a nice entry point after lunch.

Amazing how those "measured-moves" work!

 

[Landis82]

OIH Chart ( see below )

Double-Bottom at 152 intra-day then a 7 handle rally followed by a .618% retracement to nearly 154.50 before another rally . . .