Ewj: elliott wave

[ed]

There may be a chance the SPX may revisit the 2pm ET high of 926.72 just before the close today.... And that will setup for a gap down tomorrow....

 

[Mup]

Personally I'd like to see a crack at 896 (ES) for a new low this afternoon rather that tommorrow....

But if they want to waste time as usual in a flat then so be.... ))

 

[ed]

Quote from Mup:

But if they want to waste time as usual in a flat then so be.... ))

 

[elovemer]

5

 

[Landis82]

Quote from ed:

Volume still looks absent to me..... How does it look to you so far?

Agreed.
Just a horrible VOLUME pattern and very similar to Friday's lethargic trading.

 

[elovemer]

.....a penetration of yesterday's low... would be marvelous....

 

[ed]

...curveball? Bull trap? Time wasting?

spy 30min

 

[elovemer]

....did you blokes notice how blokeishly similar monday and thursday were ?

 

[ed]

Quote from elovemer:

....did you blokes notice how blokeishly similar monday and thursday were ?

There is a branch off EW called EW fractals and they can spot a lot of such similarities.....

Take a look at :
http://www.elliottfractals.com/

http://www.tradingfives.com/articles/elliott-wave-fractals.html

http://www.elliottfractals.net/

 

[mu200411]

The last bullish count for today is a 1-2 count with an ED .
In this count the Market should rebound from the opening low .
Other count is another e wave, which is less likely.