Ewj: elliott wave

[Landis82]

Quote from ed:

SPX 851.39 as next resistance or some more downside move.

843 with just 7 minutes left in the session.
Not today, Irene!

 

[mu200411]

There may another small measured move DOWN move as fifth subwave of fifth wave to 830 .
Be-aware of a Bear Trap :eek: . There may be a rebound of 23.6 - 38.2 points after a 100 points fall .

 

[ed]

Quote from Landis82:

843 with just 7 minutes left in the session.
Not today, Irene!

Sure was nice to have Mup's ALTs keep us on the right side of the market isn't it?

We could still be in Wave 3 down, or it could also be wave 5 down. Whichever the case, a rebound should not be too long away...

I wonder where is Mup now

SPX 30min

 

[ed]

SPX has to move above 827.55 to put the odds in favor of the upside.... else one more leg down, and it could be the very last leg if there is no extensions

Edit:
Above SPX 837.22 would favor the upside greatly

 

[elovemer]

80.9 spy

 

[ed]

Quote from elovemer:

80.9 spy

And after that "Fly me to the moon"?

http://www.youtube.com/watch?v=1rAsoLm1Ges&feature=PlayList&p=ADF63607EDE84213&playnext=1&index=31

 

[mu200411]

This may be the last Sell Signal before a 23.6% or 38.2% rebound , if there is no extesions as ed's precaution .
We are waiting for Wave 5)1.1:5v.v:v .
Be-aware of a Bear Trap :eek: .

 

[mu200411]

Five waves UP . Good Sign for the Bulls.
Bad Sign for the Bears. Be-aware of a Bear Trap :eek: .

 

[ed]

An ED would be very nice to complete all the downmove....

 

[mu200411]

Third Buy Signal .