Ewj: elliott wave

[elovemer]

....possible count on 30 min....

.... i am grateful too.... :0)

Quote from ed:
Elo, I am also very grateful to everyone in this thread!

 

[ed]

Quote from mu200411:

Thanks Mup, ammo, elo and ed .
Mu.

And Landis too......

 

[Mup]

I agree this is the best thread on ET

Its great because there are no ego posters ... Theres nothing worse than EW couters who get locked in to their count views due to their own personal ego.

No bias here just a good exchange of ideas

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Those Pesky Alts again

Normal traffic light rules, meaning if its not overbalancing then its still in the same degree ( or trend)...

120min Globex

 

[elovemer]

....it closed that gap up there at 52 .... but only did it during globex.... not during trading hours....

 

[ed]

[BRIEFING.COM] Stocks open on a negative note ahead of FOMC policy announcement at 2:15 PM ET following the surge of nearly 11% on Tuesday.

Fed funds futures fully price in a 50 basis point rate cut, and suggest a 50% chance of a 75 basis point cut. The fed funds target rate is currently at 1.50%.

_______________________________________

Maybe another case of "buy the rumour (of the rate cuts), sell the news later"

 

[mu200411]

The Market is going to make a Flat Correction, isn't it?
Buy Signal . Can the Market moves the Measured Move again ?

 

[elovemer]

...possible bear W ... on one minute...

...edit...not a bad result....

 

[mu200411]

Bull Trap :eek: .
It is more likely a Running Correction or an Irregular Correction .
It does not look impulsive downward yet. The sooner the new high the better . Don't wait until there is a five-waves down .

 

[elovemer]

....possible channel...

...edit...unless this bear W is marking the top of something....

 

[mu200411]

Five waves DOWN and a Buy signal .
Is it Wave c or Wave 1 ?
Edit:
New low will be a Sell signal :eek: .
Then we have to condiser 23.8, 38.2, 50 or 61.8% correction .