Ewj: elliott wave

[Landis82]

Quote from mu200411:

The next new low may be the last and the Big Bear Trap :eek: .

Good stuff.
Can't wait for the ultimate BEAR TRAP!

 

[Landis82]

Meanwhile, the OIH is giving up a lot of yesterday's gains with a pretty strong retracement this morning.

50% = 151.59

 

[Landis82]

EUROPEANS are blowing out of U.S. equities this morning . . . make no mistake about it!

Wow.
:eek:

 

[Landis82]

OIH retraces EXACTLY .618 of the rally at 150.00 and is now rallying back up.
Nat-Gas +6.6%

Energy sector is rocking and rolling!

 

[Landis82]

Where's Mup and Mu today???

 

[mu200411]

Thanks Landis,
This may be the final push .

DJIA 10,719.50 -339.52 -3.07 11,057.31 10,660.14 229,679,360 1:54 PM
NASDAQ 2,118.95 -88.95 -4.03 2,183.25 2,111.58 1,504,064,727 1:54 PM
SP500 1,166.73 -46.87 -3.86 1,210.34 1,162.25 n/a 1:54 PM

 

[ed]

Quote from mu200411:

Thanks Landis,
This may be the final push .

Mu,

Even though we may have different counts, but it's nice to arrive at the same low together!

First checkpoint for SPX is to clear 1173 on the way up.....

 

[Landis82]

Just got above 1172.68
This is beginning to look more BULLISH!!!

 

[ed]

Quote from ed:

Mu,

Even though we may have different counts, but it's nice to arrive at the same low together!

First checkpoint for SPX is to clear 1173 on the way up.....

Seems like 5 waves up has just run its course in the SPX...... the test now is whether it holds 50% or 62% retracement now......

SPY 15min chart

 

[ed]

well..... looks like it was not meant to be.... the bottom is still not in....