Ewj: elliott wave

[elovemer]

..perfect

 

[ed]

Here's an update to the possible Flat scenario I made a little while back.....

The B wave has stayed within 1.236 of A. The important test now is how w1 up would retrace.

w1 = 912.92 - 818.69 = 94.23
0.618 retrace of w1 = 854.69

So 854.69 has to hold, else count invalid

SPX 120min

Mu, Elo,
The Indonesia earthquake seems to have hit the Internet undersea cables again.... Do keep a lookout for intermittent connection drops. I'll just be a spectator today

 

[mu200411]

Fifth wave near support .
Is there any news that would carry the Market UP .

 

[elovemer]

...54.5 held....
...now needs to break 62.25
...868 gap close measured

 

[elovemer]

...50% at 882

 

[elovemer]

...882 is also last alt on 2 hour chart...
....that it would need to hold above for a bigger bull move
...edit...871...last smaller degree alt
...needs to hold that 871
...edit....873.75 is now last smaller degree alt

 

[mu200411]

"M" pattern confirmed and completed.
Now a rebound from support as expected just one minute later .
The "M" neckline passed, may be going UP as 3)5.2:bâ or 3)5.2:c .

Quote from mu200411:11-17-08 10:19 PM

Fifth wave near support .
Is there any news that would carry the Market UP .

 

[elovemer]

update
....948 would be bigger 1:1
...which is also what i have for last alt on daily chart using closing prices

 

[Landis82]

Quote from elovemer:

...50% at 882

Just got back up to 50% retracement in the SPY's from Friday's highs to this morning's lows . . . before peeling back off again.

 

[mu200411]

Five waves UP and three waves DOWN.
There may be a rebound from somewhere near MM or 858.