Ewj: elliott wave

[Mup]

Quote from Mup:

A lesser ED option into that larger 1:1 around 726
http://www.elitetrader.com/vb/attachment.php?s=&postid=2188230
120min Globex

Looking a little better...

I've lablled the chart ( instead of being lazy) so people can see the full count...

 

[Mup]

Quote from ed:

Elo,
You're perfectly right!!!!

That is the most special part about this thread! :eek:

Yes the best thread on ET

 

[elovemer]

....so much for NOT .....
....here it goes....
...edit....right at bottom channel line

Quote from elovemer:
....this will NOT.... crash thru bottom of channel

 

[Landis82]

The option expiration "pop" at the opening is done. Now we'll really see what the market wants to do.

Credit markets are still "frozen" and the XLF and financial stocks continue to reflect that.

Difficult to get a sustained rally without the financials.

 

[elovemer]

...held...
...edit.... if it holds... low made first is bullish

Quote from elovemer:
....so much for NOT .....
....here it goes....
...edit....right at bottom channel line

 

[mu200411]

A higher low then a higher high = BUY signal .
May be "onward and upward" for the Bulls to 8187, 820, 1414 .

 

[Landis82]

Tons of non-believers and horribly negative sentiment on the Street . . . No one believes that this market can rally today . . . THAT'S precisely why it will!

 

[ed]

The last ALT for the SPX 10min chart yesterday was about :

820.52 - 776.76 = 43.76

So, this upmove in the SPX today has to clear :
741.43 + 43.76 = 785.19

before it starts to turn bullish?

Mup, is this correct?

Sorry realtime charts haywire...

 

[elovemer]

...this rally could roll over at any time....as usual
.... needs to clear 85 to get props....
...edit.... anyone looking for performance improv.... tinyxp is much better than xp... fwi

Quote from elovemer:
...held...
...edit.... if it holds... low made first is bullish

 

[mu200411]

Stalled at resistance level. It is a bad sign .
More DOWNWARD pressure :eek: . May be Sell Signal .