Ewj: elliott wave

[elovemer]

....if new lows today.... then will be watching morning time slot on monday....
.... have wave 2 bottom at spy 79.38

 

[Mup]

935 are on the Globex is the next 1:1 point

120min Globex

 

[freddy61]

Mup,

Now your target will match mine. We should see that early morning. SPX 923-940 is my wave C target which is wave A *1.618 ((1576-1257)*1.618=924)

Rgds,

 

[Mup]

Quote from Mup page 615

The More bearish option that gives the continued move down till next year..
http://www.elitetrader.com/vb/attachment.php?s=&postid=2106337

Weekly SPX

The Big 161.8% Freddy around the 925+/- area

That 161.8% ext might only be the lesser 3rd target , before we get a lesser wave 4 & 5 to finish off the set..

 

[Mup]

Bit more outside the box count on the 90min SPX rather than the standard 1,2,3,4, 5's

 

[freddy61]

If we break SPX 938-940 than I'm with your count. If not, we may rally into a larger degree wave B before we complete wave C to 2002 low and lower by 2011. That's way into the future...
Thanks Mup.

 

[Mup]

I can see where your coming from feddy with a double count that could either be a C wave of a Triangle or a A

Weekly SPX

 

[Mup]

I'm leaning more and more on the LTD point low coming March on wards next year and that would fit the 161.8% only being a lesser wave 3 target of the larger C to use up time with a 4th then final 5th wave going into march next year...

Like you said we going way far out.....
And its way out from my normal intraday trading time frame )

 

[Mup]

Back to the intraday

Delta hints a move down in the afternoon so this is my lead option... ( the ALt is that ED pattern shown on that last 90min SPX chart)

5min ES

 

[Mup]

Looking better
some down side targets if we can bust that lesser 1:1 at 966.50

5min ES