Ewj: elliott wave

[marketwavez]

Usd/Yen

Hmmmmmm............Problem Child ..............
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[Mup]

Quote from Mup:

The wave 2 could creep to the 88.6% 916 on the overnight...

Well well well, limit down



last nights chart , the 120min Globex

http://www.elitetrader.com/vb/attachment.php?s=&postid=2139897

 

[ed]

Whew!!!!!

I hope all of us here are either short or square!!!!

It's going to be an exciting day to watch, not for trading......

Very very well done Mup!

 

[mu200411]

Can we call a -120, -18, -30 points drop followed by a +430, +48, +70 points rebound a BEAR TRAP ?
If yes, we got both a Bull Trap and a Bear Trap as expected .

Quote from mu200411:10-24-08 01:42 AM
This is a difficult Market :eek: . I cannot let go the idea of a Bear Trap .
We are near measured move and fifth wave now , and a double bottom too.
May be today we get both Bull Trap and Bear Trap .

 

[mu200411]

7900, 820, 1460 target may come sooner than expected .

Quote from mu200411:10-24-08 12:58 AM
Me too, if today low is broken . It's a Bull Trap :eek: .
Next STOP 7900, 820, 1460 .

 

[Mup]

Thanks ed !

The 88.6% is a very powerful ratio you always get strong moves off it...

 

[Mup]

ED lesser c ?

240 min Globex

 

[Mup]

ED wave ii's are normally sharp and retrace at least 50% so eyeball targets would be 882 (50%) & 892 (61.8) on the Globex...

 

[ed]

Quote from ed:

It's going to be an exciting day to watch, not for trading......

What!? ED?? ......then it is a boring day to watch, should trade......

Quote from Mup:

ED lesser c ?

 

[Mup]

Yes those pesky C waves always seem to have a habbit of morphing into ED's rather than just a simple clean 1,2,3,4,5 which would of been much more exicting ....