Ewj: elliott wave

Quote from mu200411:

This morning rebound may be wave four and wave five will go down to target :eek:
More...

Yep... looks like we are in wave 4 now before a final move down....:)
 
CNBC's Charlie Gasparino's rumor on the NY Fed getting involved with AIG sends the SPX into a moonshot Wave IV up to 1204.

20 minutes later the people on CNBC start to "discount" such talk, reminding viewers that Hank Paulson stands by his words of NOT using govt. money to bail-out AIG.

Heading down again . . .
:eek:
 
cash cam back down to 1189.50 before zooming back up to the 1198+ area again.

Amazing volatility.

Question for the Wavers:

Will we head back down for one more BIG flush to the downside, ie.) Wave 5?
 
Quote from Landis82:

cash cam back down to 1189.50 before zooming back up to the 1198+ area again.

Amazing volatility.

Question for the Wavers:

Will we head back down for one more BIG flush to the downside, ie.) Wave 5?
More...

I believe there should be one more move down..... but the question lingering in my mind is, how far down.......:(

The AIG liquidity issue has not been addressed.... and there is still a FED announcement later...... which would prevail?:confused:
 
Agree a wave 5 is possable and it would be nice for us who perfer trading on the short side..:)

However most EW'er are expecting one..

So I'm tending to look at other options just in case the hurd is wrong... Completed w-x-y would catch a few out as Mu also hints at...

Just something to watch out for....

120min SPX
 

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The SPX continues to get rolied by incredible program trading in the Energy Sector (OIH).

Just amazing bouts of buy programs followed by sells . . . but I keep seeing more buying in the OIH than anything else, even with crude going out at
91.37
 
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