Ewj: elliott wave

[Landis82]

The S&P is heading back into GREEN just ten minutes before the close!

 

[ammo]

http://caldaroew.spaces.live.com/ ....point made about banks hitting lows and spu's holdng suppport for possible end of wave 4 or jan 6 being end of bear mrkt rally

 

[ed]

Quote from ed:

Here's an updated chart of the SPX weekly I drew a little while ago.

The a-b-c corrective upmove seems complete.

This current downmove is so "lethargic" I think it could be part of a larger "B" wave drop before another "C" wave up.

The picture should get clearer after Mr Obama's inauguration.

SPX Weekly



http://www.elitetrader.com/vb/attachment.php?s=&postid=2256347

Yep, the a-b-c was completed indeed.

If my labeling is correct, then the 5 waves down since Jan 6th could mean:
(1) start of wave 1 of (5) down
(2) start of B wave down (still part of wave (4) correction)

We must watch the ALTs carefully.

SPX 60min

 

[Landis82]

Quote from ed:

Yep, the a-b-c was completed indeed.

If my labeling is correct, then the 5 waves down since Jan 6th could mean:
(1) start of wave 1 of (5) down
(2) start of B wave down (still part of wave (4) correction)

We must watch the ALTs carefully.

Agreed.
There is a Bradley Cycle coming up on the 20th/21st.
However, I must point out that the Bradley has not had a very significant track record as of late.

 

[ed]

Here's a SPX weekly to better illustrate my point about the "B" wave down.

SPX Weekly



Edit:

Thanks Landis.

Hmmm.... Jan 20th rings a bell about Mr Obama's inauguration right?

Good time for the market turn up indeed!

Let's see what happens

 

[ed]

Quote from ed:

We must watch the ALTs carefully.

SPX 60min

Odds will tilt in favor of the upside if the SPX can clear the first hurdle at 848.73.

Else, as Mup would say "Goodnight Irene....."

 

[mu200411]

A lower low than yesterday's low, so a decisive Wave v.iii .
We may be going DOWN as Wave 5)1.1:1v.v or Wave 5)1.1:5v .

Quote from mu200411:01-14-09 03:45 AM

A new today's low may be Wave v.iii .
A new today's high may be Wave iv .

 

[mu200411]

There is a small chance for an irregular Wave 4)b , and a higher high as Wave 4)c .
Just a small chance .
The fifth of fifth of fifth Wave 5)1.1:5v.v may not be a good place to sell . Beware of a Bear Trap :eek: .

Edit: 01-15-09 12:49 AM
Around 830.

 

[ed]

Quote from ed:

Odds will tilt in favor of the upside if the SPX can clear the first hurdle at 848.73.

Else, as Mup would say "Goodnight Irene....."

Well, 848.73 has not been breached so far

Here's a possible curveball since wave 1 and wave 3 are approximately the same length, there's a chance wave 5 may extend.

SPX 120min

 

[ed]

Quote from ed:

Well, 848.73 has not been breached so far

Here's a possible curveball since wave 1 and wave 3 are approximately the same length, there's a chance wave 5 may extend.

SPX 120min

SPX 851.39 as next resistance or some more downside move.