Ewj: elliott wave

[Mup]

If the Overnight low holds at 963 then we could have a completed wave set for a corrective move back up...

If we carn't we just lable the spike bounce on the rate cuts as an x wave and were going down for another set of 3 waves.

120min Globex

 

[Mup]

Quote from ed:
With the current speed of decline, I'm wondering how & why many are saying the market will bottom around 2012 or 2014...... [/i]

Its the "time" proportion from the total move in time from the 1932 lows for a wave IV (at best)

http://www.elitetrader.com/vb/attachment.php?s=&postid=2105393

http://www.elitetrader.com/vb/attachment.php?s=&postid=2105272

 

[freddy61]

Hi,

I have been looking for a low this week for sometimes now and have not been able to post on this site. Here is my journal link and I hope that you are all doing fine and making lots of money.

http://financialtrader.wetpaint.com/

rgds,

 

[elovemer]

....almost touched.... but not quite.....
....2 more days to oct 11 (saturday)

Quote from elovemer:
..... i consider spy 96.05 to be the top of wave 1 ......

 

[Mup]

Is the same Volume pattern playing out on the 15min ES

Yesterday chart
http://www.elitetrader.com/vb/attachment.php?s=&postid=2110750

With the 15:35 to 16:00 showing what the players are upto and the first bar the next day is the fake to trap..

see what you think today same pattern just upside down.. For a move up

15min ES

 

[Mup]

1040 is the ALT so the bears are still cracking the whip ( on the larger frame ) until it gets taken out...

15min ES

 

[elovemer]

....keeping an eye on 11.30am still...
.... if we can get below the low by then....
.... to violate wave 1 ... of '02 ... would be super duper

 

[mu200411]

The rebound faltered. The expected measured move may still be in force :eek: .
Until the resistance trendline is broken .

Quote from mu200411:10-08-08 12:51 AM
There may be another leg UP from ......
IF not expected a measured move down :eek:

 

[Landis82]

Quote from mu200411:

The rebound faltered. The expected measured move may still be in force :eek:

Then, a 965 possible target is in force for v=i?

 

[Mup]

Could chop around the Blue zone (marked as a blue box on the chart ) before trying for the ALT @ 1040

See what you think

15min ES