Ewj: elliott wave

Thanks Mup!
I think that such a scenario would really catch a lot of people out . . . Stay tuned!

By the way, OPEC made a -2.2 million barrel cut today.

Russians don't have to have any production cuts because their production has already declined so much.

January Crude ( which expires this week ) is now down $1.25 at 42.35
 
More pressure on crude as we speak . . . -$1.80 now and UNDER $42.00

Was actually unchanged about 30 minutes ago.

OIH now peels back to 79.50 from the 81.80 high of a half hour ago!

:cool:
 
...nice work guys....
.... once this up move dies out.... should make a great short opp for retest of weekly lows.....
....question is how high and when.... we can get to the high

....this 908 is either a sell on bear W ... or big continuation pattern....
....... in other words... a failed sell signal is a buy signal....
10min frame

....i am experiementing with using ym more for patterns because i find the patterns to be more reliable.... my theory is there must be less manipulation with ym than es... i don't know....
 
I've never quite got on well with the YM for some reason... In the old days the Boxes used to play some real games on it...
 
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