Ewj: elliott wave

[mu200411]

It looked like an ED and it acted like and ED, so it was an ED .
The Bulls might have some more room to breath .

 

[mu200411]

The supposed Wave 3)4.d went below Wave 3)4.b, so we have to re-label it as Wave 3)4.b .
Time is on the Bulls' side . There is some room for Wave .c-.d-.e, at least theoretically .

 

[mu200411]

Then the Tide may turn in favor of the Bears .
Target 6612, 712, 1432 :eek: .
Wave Dow S&P NASDAQ
:b 13136.9604 1440.24 2551.47
:ci 10827.71 1200.4399 2167.29
:cii 11867.1104 1313.15 2441.05
different 1269.85 127.09 110.42
:ciii 7882.5098 839.8 1542.45
:cv 6612.6598 712.71 1432.03

 

[elovemer]

...

Quote from Mup:
Thats the one elo...
Once that -14.5 got overbalanced its saying we've changed wave set degree...

 

[elovemer]

...cancel...

Quote from elovemer:
......edit... possible strength ...first two hours monday....

 

[elovemer]

....a good reason to use trading hours only.... to view multi-day patterns....

 

[Mup]

We could well get strenght tomorrow elo, if were in that larger ED on the SPX as a wave iv. I'll dig the chart up from a few pages back..

http://www.elitetrader.com/vb/attachment.php?s=&postid=2141856

 

[elovemer]

...globex

 

[mu200411]

Japan, Russia, etc., may be entering the Kondratieff Winter.
Start of "Secondary Depression".

 

[Mup]

Good stuff Mu, would fit with the Cycle degree "C" wave for those markets...

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For the shorter term on the Futs...

Futures seem to be hinting at the wave iv for the cash market..

120min Globex