Ewj: elliott wave

....on the other hand....it is possible that we are all wrong....
.....and that the wave cycle is already complete.... with a 5 failure at bottom....
 
Quote from ed:

5 full waves should be completing in the SPX 10min..... A rebound into the close would setup great for a gap down open tomorrow!:)
More...

No upwards rebound at the close yesterday, so we could be seeing a upmove at the open today. :)

In the SPY 10min, around 97.9 could be the first resistance. If it breaks above, next resistance could be about 98.6 before resuming its downmove.......:)

Apparently, Mr Market wasn't too confident with President Obama tackling the financial crisis, is it? :)
 

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Looks like it elo, :)

Speaking of ED's ...

This would drive people nuts on daily SPX time frame...

Bit more outside the box....

An ED (C) wave....
 

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Quote from Mup:

This would drive people nuts on daily SPX time frame...

Bit more outside the box....

An ED (C) wave....
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Nuts!? No.....

That would be very nice!!!

:D:D:D
 
Below that 920 area on the SPX and it becomes a serious option... :)

Idealised pattern on the SPX 90min..

Not to scale, just to give an idea of where it could be at in that pattern....
 

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Quote from ed:

No upwards rebound at the close yesterday, so we could be seeing a upmove at the open today. :)

In the SPY 10min, around 97.9 could be the first resistance. If it breaks above, next resistance could be about 98.6 before resuming its downmove.......:)

Apparently, Mr Market wasn't too confident with President Obama tackling the financial crisis, is it? :)
More...

Hmmm..... watching closely...... :)

By the way, I recently noticed there seems to be "missing posts" during market hours that mysteriously appear after hours. Tried refreshing many times but still happened. Any of you encountered this?

Edit:
Can't track this.... charts haywire again!!!:mad:
 
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