Ewj: elliott wave

Because Wave 4)c took too long, more than one year, and went down to deep, more than 20%, to be a Minor Wave, it may be and is qualified for a Primary Degree Wave, so I relabel it as Primary 2] or Intermediate IVc]1) .

Wave five, :1v, came on time and of expected size :D .
Wave iv ended at 10635.7695, 1142.28, 2047.02
Wave v ended at 10880.4002, 1166.5601, 2082.4299
The size is 244.6307, 24.2801, 35.4099
Next may be drop in Wave :1ã, as futures suggested, to end of Wave :iv.
Quote from mu200411:
Fifth wave of c. Should rebound from here.
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Quote from mu200411:
A correction after the fifth subwave of fifth wave is normal :) .
Today there is 1-2-3 or an a-b-c. The latter will give a bigger wave five :) about +250, +26, +52. The former will block the bailout bill.
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1142 on the Globex is the 1:1 .. which is strong possable support area.. ( If its lesser (B) is forming an Elongated Flat they have a habit of going to the 61.8% (1135) rather than 1:1's)

Put on the more conservative ED option but could morph into the standard 5 waves..


Should add it still in the context of this larger corrective pattern of a ED wave 4 or "y" wave of a w-x-y Exp flat.

http://www.elitetrader.com/vb/attachment.php?s=&postid=2097794

120min Globex. :)
 

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I see why people have this move up as a wave 4 and now down into a 5th..

However on that count wave 4 overbalanced wave 2 by 17 points which goes against the classic style count rules that the likes of Frost and Bolton used..

The rule goes by:
Each correction must not exceed the last inorder to maintain current degree.

I'll scribble it on a 60min SPX to show you what I'm getting at ..:)
 

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Fifth wave of Wave c, :1ãv.
The House decision should leak now and Wave :3 will begin soon.
If not the Market may go as Mup's count :) .
My wave form is not so typical anyway :D .
EUR/USD=1.3795, Europe is selling :eek: .
 

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Quote from Mup:


However on that count wave 4 overbalanced wave 2 by 17 points which goes against the classic style count rules that the likes of Frost and Bolton used..

The rule goes by:
Each correction must not exceed the last inorder to maintain current degree.
More...

Mup,

Can I know from which book can I read up more on this rule?

Thanks!:)
 
The rebound +70, +9, +11, although a little bit too late :( , shows five subwaves :) UP and there subwaves DOWN, so there may be another five subwaves UP +70, +9, +11 :D .
 
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