Ewj: elliott wave

Those Simple bar patterns that people often miss....

Well the bulls are keen this morning on the hope that the vth finished early....& whats happened to the DAX this morning with VW.

Pattern feels a little tight for a completed wave set ?
End of a wave iii would look better and up as part of a iv by stepping up a degree.
 
Futures point to a significant rebound :D .
The Market has until November 5th, 2008 to finish a Flat or a Triangular Correction.
Today may be wave 3)4.c UP :confused: .
Edit: Is October 13th high target too optimistic :eek: ?
 
Quote from Mup:

Handy that EW :D

Kept us on the right side of market direction this morning..... (hinted at last night)
We need 3 waves to make up a iv (a-b-c)
889 area is the 38.2% (globex) that could be good eyeball for an "a" wave...

Update
More...

This move up this morning could very well be the "c" wave of the iv and we had a sharp b wave sell off yesterday afternoon.

Stalled at the 78.6%.... It could push for the 1:1 with a @ 896 which would be a gift for the bears, but if it breaks the 864 then the odds favour c is complete at the 78.6%


120min Globex
 

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Agressive bears (me :D) will be looking of a completed C wave into that 78.6% for a run down for the vth to new lows..

Needs to overbalance the last ALT of -18.5 (863) inorder to confirm this... If it carn't then will get one more push higher as part of a larger w-x-y... traffic lights :)

120min Globex
 

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Thanks ED

I thought you might be.... or you were taking a well earned break in the caribbean :) ..... I know I'm looking foward already to my winter break....:D
 
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