Ewj: elliott wave
- Thread starter mu200411
- Start date
Lehman Brothers Credit Default Swap auction results are coming out after 2PM EST.
There was some $600 Billion in CDS that they had, leveraged at 20:1 gets you up to $1.2 to $1.5 TRILLION DOLLARS!!!
Cash settlement.
Thus, have to raise cash by selling stocks, in order to pay off on the 90 cents on the dollar insurance of the CDS that you sold.
There was some $600 Billion in CDS that they had, leveraged at 20:1 gets you up to $1.2 to $1.5 TRILLION DOLLARS!!!
Cash settlement.
Thus, have to raise cash by selling stocks, in order to pay off on the 90 cents on the dollar insurance of the CDS that you sold.
.
, This UP move may be wave 4.a and 4.b .
There may be one more UP move in Wave 3)4.c
.
October 10, 2008
Wave Dow S&P NASDAQ
3)3.5 7983.5801 844.21 1542.45
3)4.a 8742.2197 933.75 1689.02
Length 758.6396 89.54 146.57
3)4.b 8451.1904 895.77 1642.48
3)4.c? 9209.83 985.31 1789.05
Target at measure move 9209.83, 985.31, 1789.05
or wave four of a lesser degree.
There may be one more UP move in Wave 3)4.c
.October 10, 2008
Wave Dow S&P NASDAQ
3)3.5 7983.5801 844.21 1542.45
3)4.a 8742.2197 933.75 1689.02
Length 758.6396 89.54 146.57
3)4.b 8451.1904 895.77 1642.48
3)4.c? 9209.83 985.31 1789.05
Target at measure move 9209.83, 985.31, 1789.05
or wave four of a lesser degree.