Ewj: elliott wave

[mu200411]

Thanks elovemer,
Our bigger r-sHs fit nicely into the Diamond-shape complex correction, i.e., an expanding triangle followed by a triangle .
Mu.
Is this an accumulation or a distribution area ?
The former may favor a Flat Wave 3)4, the latter Mup's ED ?
Anyway we, EW, would always be prepared for both outcome .

 

[circadian]

Alright guys, I think EWT is interesting, and I would really like to get better acquainted with it. I have the basic info, mostly as a single chapter in broad based TA books that I own. What is a good book for getting a firm grip on EWT?? There's a few of them around, but which one(s) is/are the better of the lot?
FWIW, I think this is one of the more interesting threads in this place. .

 

[Mup]

A curve ball count option is that yesterday was a triangle following that sharp impluse down on late Wednesday afternoon.
That last move up at the death yesderday being the "e" wave. Below that 930 area would swing the odds for this option...
ED would be a gift, but no bias either way......

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Hi circadian.

Posted some books here that might be of interest..

http://www.elitetrader.com/vb/showthread.php?s=&postid=1999459&highlight=frost#post1999459

 

[Mup]

A chart to help explain that last post.... Needs to get below that 935 swing low to confirm...

while its above that last swing then the bulls will be hoping its a 1,2 of a wave 5

Last ALT comes in at 942.5 so the bulls need to hold that line... ( while they do we can count a flat b of iii)

15min ES

 

[Landis82]

Thanks Mup!


Markets acting well even with a horrible Chicago Purchasing Manager report that tumbled to 38.6%

 

[Mup]

Flat b of iii while its holding its alts

5min ES ED update

 

[elovemer]

...great work guys... :0)
...edit...and blokes

 

[Mup]

Bit of British slang there elo

1:1 comes in around 973 but it might be little shallow for a wave iii.. 123.6% ext is the 980-81 area which would be a good proportional wave target..

 

[Mup]

I bet this ED pattern is driving the Indicator crew nuts...

I'll scribble it out on the 60min as the 5min is a little messy..

Just put the first wave iii target (1:1) on for ease.

60min ES

 

[elovemer]

...if 88.6% doesn't hold.... possible 75 mm target
:0)