Ewj: elliott wave

Measured move target surpassed, next target is wave four of a lesser degree at 9593, ed's 1021 :D , but futures are at 9730, 1049 :eek: .

Ed
I think 8 days DOWN may need 3 days UP.
2400, 260, 450 points DOWN may need 800 - 1600, 86 - 172, 150 - 300 points rebound. So far we have 2 days UP and 1500, 132, 285 points or .625, .50, .633 rebound.
If the supposed wave five is longer than wave three which is shorter the wave one, we may have to count the supposed wave five as wave c with a mesured move UP to 10000, 1070, 1980 :D .
Mu.

Edit: This looks like a reverse Head and Shoulders pattern, although the shoulders are too shallow. r-sHs target is the same as the big a-b-c count.
 
..... if this turns out to be the third october 11 turn.... long term
.... 2 is remarkable... but 3 .... that would really be something....
.... whoever says markets are not technical.... is full of ticker tape... :0)
Quote from elovemer:
....as said many times before...
...today is october 11 (saturday)
.... the date of the last highs one year ago
... as well as the date of the low of '02
...hence... a very significant date
More...
 
funny stuff... that wave theory
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elovemer
Registered: Dec 2005
Posts: 1096
10-19-07 03:54 PM
....once again... according to wave theory... rising wedge when part of 5th of 5th ... sometimes heralds change of the bigger trend....
... money flow on daily getting close to 0 line....
 
Wave 3)4 reaches target too soon, so it may turn out to be a Triangular Correction. There may or may not be Wave 3)4.c:5 :confused: .
Dow Wave IV may be a Running Correction, SPX a Flat.
 

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On a few days break after last weeks fun.. :)

A quick eyeball scribble on the 120min Globex..

While its maintaining its ALTS it has every chance of a 5th wave

Below that key 980 the count odds shift greatly onto an A-B-C
 

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Quote from Mup 07-31-08 10:55 PM:
Longer term CHK looks like it wants $25 bucks area but thats just an eyeball, I haven't got full software access for a delta map just yet...[/B]
More...

Seems my eyeball was to conservative seen as it got under $12 bucks :eek: :D
 
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