Ewj: elliott wave

Well we got the move up for the vth :D

Now has it done 5 waves up into that key 70.7% 996 area on the Globex...

<img src=http://elitetrader.com/vb/attachment.php?s=&postid=2160066 width=800>
 

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Take a look at the CBOE VIX Volatility Index..... The weekly index seems to be forming a 1-2-3-4 right now....

So this "4th wave" drop in the VIX corresponds with a 4th or "C" wave corrective upward push which we have been seeing in the SPX since about Oct 28th.

If the VIX re-visits its highs of 90+, that could coincide with the 5th wave downward move to complete the full 3rd down.... :D

<img src=http://elitetrader.com/vb/attachment.php?s=&postid=2160067>
 

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Target, 9600, 1000, 1770 reached :cool: :D .
Symbol Last Change % Change High Low Volume Time Go to:
DJIA 9,583.78 +263.95 2.83 9,607.52 9,323.89 62,709,146 10:56 AM
NASDAQ 1,771.41 +45.08 2.61 1,774.35 1,739.81 531,281,838 10:56 AM
SP500 999.72 +33.42 3.46 1,001.59 971.31 n/a 10:55 AM
 
....channel update.....
.....
...edit...sorry...did not mean to put the pic in full view.... don't know how it did that...
.....995 .... 38%
<img src=http://elitetrader.com/vb/attachment.php?s=&postid=2160316>
 

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....channel update
...edit...just noticed that today's channel has the same slope as the one that came in at 3pm yesterday....
....interesting
 

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Good job elo... :)

Its upto the bears now to put the hammer down.. (the alternate count is a zig-zag pattern if they carn't)

update on that 120min chart...

<img src=http://elitetrader.com/vb/attachment.php?s=&postid=2160685 width=800>
 

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