Ewj: elliott wave

[elovemer]

...on 2 hour chart.... measured would be 963
....edit...last ALT at 905
...edit....little bear W pattern on 1 min
...edit...still in the upward channel....
...edit...could be targeting 922 here...if that ALT would hold....otherwise....break channel
...remember a broken alt.... means either failure in that same degree....
....or continuation in a larger degree
....could be trying a 61% here

.... that higher high makes bull flag look less pretty in daily....

 

[ed]

Quote from elovemer:

...on 2 hour chart.... measured would be 963
....edit...last ALT at 905

I have the same target in the SPX at about 964 for a 1:1.

However, I'll be keeping in mind some of the ratios below as well :
0.500 917
0.618 928
0.786 944
0.886 953
1.000 964



Edit:
905 ALT holds!!!!

Can't track the charts anymore..... haywire!

 

[Landis82]

Just dropped 24 handles in the last 7 minutes . . . that was BRUTAL!!!

 

[Landis82]

A 50 handle sell-off from 3:16PM into the close!!!

:eek:

 

[ed]

That was amazing.... sure got me fooled as I thought it was clean break to a new high....

Anyway, I'm still bullish

I believe there is some more upside, at least until the start of the ED. That would be about 951.95 in the SPX 30min.

It's been an interesting week.

Thanks for your company and sharing your thoughts. Have a good rest this weekend!

 

[Salsem Elliott Waves]

please daily sp ?
thanks

 

[Landis82]

5 = 1 ( inside of complex Wave (3) ) at 767 on the count in the chart above.

.618 of Wave (1) = 859

.786 of Wave (1) = 819

 

[mu200411]

Because the supposed Wave 3)5.4 invaded the territory of the supposed Wave 3)5.1, Wave 3)5 may turned out to be a large ED of about two months .
We may be in Wave 3)5.2:b now .
Hope: There may be a measured move UP as expected earlier .
Oh! Hope, Greed and Fear are not in EWers' dictionary.
We do what the Market tells us to do .

 

[mu200411]

Sorry , chose the wrong measured move. I should have chosen the third wave for measured move because wave 3 cannot be the shortest wave in a 5-waves series .
The return move from the r-sHs neckline may be Wave 3)5.2:bá, after Wave 3)5.2:b is completed, there may be a measured Move as Wave 3)5.2:c to 963, 964-959.15, 959 as Elovemer, Ed and Landis said .

 

[mu200411]

November 14th, 2008
Wave Dow S&P NASDAQ
3)5.1 7976.4102 818.69 1428.54
3)5.2:a 8919.5996 916.88 1574.4301
3)5.2:b? 8479.6299 872.13 1516.34
3)5.2:c? 9422.8193 970.32 1662.2301
There is an "M" pattern that will make the target somewhat lower.