Ewj: elliott wave

[mu200411]

350, 40, 60 points rebound. Danger zone . A reversal here is not good for the Bulls. A continuation may be sign of a new Bull Market .

Quote from mu200411:
600, 80, 170 points drop at the fifth wave there should be 38.2% rebound or around 240, 32, 70 points .
May be, may be not .

 

[Mup]

60min ES

38.2% is the normal fib for a ziggy...

Bulls best watch out if they carn't clear it...

 

[elovemer]

.....hey...ho.....let's go !
...edit....if ED... then possible 07 target as beginning of it

 

[Mup]

Best option for the bears is a completed triangle

5min ES

Alt count is (w1) (w2=w-x-y) i (ld) now ii

 

[Mup]

The bull ALT option incase we don't get a swift move of that last high... And turns into a flat ii
Perfer the bear into the 38.2% but always have an ALT

1 ,2 i(ld) now ii

 

[Mup]

Looking better for the bear

60min ES

 

[elovemer]

if 07 on ED.... a B could even hit 20

 

[Mup]

1207 is also the 38.2

Hmm...Its looking to sloppy of a 38.2% these should be devastingly fast...


The bulls still have new highs in there sights

 

[mu200411]

Futures fall on stalled bailout talks and JPMorgan's buyout of Washington Mutual. Stocks set to get bruised
http://money.cnn.com/data/markets/index.html
The Market reversed at the Danger zone .
But there is still chance for another bounce .

Quote from mu200411:
350, 40, 60 points rebound. Danger zone . A reversal here is not good for the Bulls. A continuation may be sign of a new Bull Market .

 

[mu200411]

"The government's top economic experts warn that, without immediate action by Congress, America could slip into a financial panic and a distressing scenario would unfold," Bush said. "More banks could fail, including some in your community. The stock market would drop even more, which would reduce the value of your retirement account. The value of your home could plummet. Foreclosures would rise dramatically."
http://money.cnn.com/2008/09/25/news/economy/deal_reached/index.htm
Break down below 1133 and the Market will go to 2003 low :eek: .