Ewj: elliott wave

Could this be an A-B-C that makes a "measured-move" up to a 955 target which just happens to be the .786 fib of the move down from 1007 on Nov. 4th?
 
Quote from Landis82:

Could this be an A-B-C that makes a "measured-move" up to a 955 target which just happens to be the .786 fib of the move down from 1007 on Nov. 4th?
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I also see 955 as very important, my dates are different. But I am very new to this, so serious grain of salt with my charting heh. Thx for everyone in thread though. Very educational.
 

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Welcome Illum,
Landis's 955 target could be end of Wave 4)c :cool: .
Mu.
Yesterday waves might be Waves :3i,ii,iii,iv after Waves 4)c.c:1-:2, so there may be another MM to 9180, 928, 1622 :) ,
a set back, and another MM to 955 as the end of Wave 4)c.c:3 or Wave 4)c.c :D .
 

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Quote from elovemer:

.....see what happened on that ending diagonal on uup....
.... not bad....
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Thanks elo, :)

Made me smile this morning reading the Vadim Pokhlebkin EWI note on the Euro & Triangles...

http://www.elliottwave.com/freeupdates/archives/2008/12/16/EURUSD-Forex-Here-Comes-The-Storm.aspx

To quote :

. Historically, I've found if a triangle thrusts the 'wrong' way, it's often best to flip the triangle over and treat it as a B wave or an X wave."
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Just highlights what Bolton said why back in the 1950's that Triangles are rare beasts! They should always be last count option rather than your first...:eek: :D

9/10 times the pattern is a w-x-y so it kinda makes sence to always lead with that option , rather than waiting for it to "thrust the wrong way" :eek:
 
Try again with GC #F....:)

To early last time....

Gold futs has a large 1:1 around $878 area for the bears to attack... Above that then were impulsing, and new highs must be considered, so a nice line in the sand to work with...

240min GC#F
 

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Weekly Dollar Index ( DX #F)

If you look around the other threads everyone is bearish on the dollar...

This move down, looks corrective as part of an Elongated Flat that started the end of Oct, & were in the C wave now.

So a sharp move up once this Elongated flat finishes will catch a good few out...

See what you think :)

Weekly DX #F
 

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EUR just hit a 200% extention @ 1.44 area

Still only looks like its finishing off a lesser wave (3) , we'll still need a (4) then a (5).. (same as the DX chart just inverted...) the 261.8% around 1.48 would be a nice eyeball 5th target


120min EUR #F
 

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Oil service, Coal, Steel, Mining, and Fertilizer ( looked at POT lately??? ) are surging and providing a strong bid to the SPX this morning.

OIH: +$1.68
 
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