Ewj: elliott wave

Quote from Mup:

This pattern would drive people nuts, going into the Key time window of just before the election (31st-7th)
I'm seeing overlaps every where( as usual ) :eek: :) )
So a double or triple 3 wave "I" of an ED C wave does have a far cleaner "fit" at the moment, with the old school count style of mine..
An ED (c) wave ....

http://www.elitetrader.com/vb/attachment.php?s=&postid=2071901
120 min SPX scribble not to scale just to get the idea
More...

Can we now label a completed wave "i" on the ED after a triple ziggy ?
 
We must also consider this larger degree ED pattern in case were counting at little fast on the lower degree levels..

This pattern comes into play if we get a correction larger than the last ALT (113 points) up.

Weekly SPX
 

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Yesterday rebound, as expected, if sustained will confirmed the Big Bear Trap :D .
Quote from mu200411:
The Bad target reached :cool: .
Is today rebound for real :confused: ?
If not look for the UGLY :mad: . Wave 1) was invaded by some indices :eek: .
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Dow, SPX, NASDAQ 1000, 200, 100 points rebound looks like a Big Bear Trap, isn't it :cool: ?
DJIA 11,402.86 +383.17 3.48 11,442.59 11,026.70 220,045,935 9:40 AM
NASDAQ 2,298.21 +99.11 4.51 2,318.43 2,286.23 294,338,729 9:40 AM
SP500 1,255.61 +49.10 4.07 1,256.10 1,213.11 n/a 9:40 AM

Quote from mu200411:
DJIA 10,609.66 -449.36 -4.06 11,068.87 10,521.81 445,892,900 9/17/2008
NASDAQ 2,098.85 -109.05 -4.94 2,183.25 2,098.85 3,119,817,000 9/17/2008
SP500 1,156.39 -57.20 -4.71 1,210.34 1,155.88 n/a 9/17/2008
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We have overbalanced the last lesser ALT correction so we have to step up a degree on to that higher ED pattern.

A Wave "ii" bounce into the key time pressure of the 31st Oct to 6th of Nov looks on the cards.

This "intervention" looks my have indeed helped Mr Obama's prospects...

Weekly SPX
 

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Mu & Mup,

Thanks for the updates!

On the SPX now, it seems like a flat is forming in the 10min chart.

If it is not a flat, then it has to be a 5th wave up.

Both should offer good "shorting" opportunities.... :D if you can find ways to short that is.....:)

Sorry I cannot post charts now, it's all haywire from the volatility and heavy volume....
 
Looks like it could well be, just finishing of the B wave of a corrective pattern as ed points out...

But now we have "controlled" markets who knows what might happen :eek: :(

On a side note, yesterday should highlight the importance of those 1:1 measured moves... :)

5min ES
 

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