Ewj: elliott wave

Quote from ed:

824.34 busted

Let's see how this "B" wave morphs.... :)
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Quote from mu200411:

Another interesting Fibonacci's ratios chart :) .
Lower low will be bad for the Bulls .
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Mu,

That 61.8% retracement should be about 818.77.

It is common to see a bounce at 61.8% and I am thinking it is beginning to look like an ED on the SPX..... :D
 
The downmove is extending too long to be an ED.

Will have to re-label the earlier counts as a series of 1s and 2s....

Will be sitting on the sidelines until my charts clear up....
 
Where do you guys think we are in the larger pattern in the SPY?

If 10/07 was the start of 5 legs down, with 1/08 or 3/08 being I, and 5/08 being II, was 11/08 III or V? If it was III, do you think IV is over?

Thanks. I'm not an Elliott Wave regular and the majority of the posts here seem to be on the shorter time frame.
 
Quote from ericmoles:Where do you guys think we are in the larger pattern in the SPY?
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Hi Eric,

We do post longer term outlooks once a while so you'll have to scroll a little back to some of the older posts if you have not been following this thread. :)

Below's my view posted on Jan 15th...


Quote from 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 :)

http://www.elitetrader.com/vb/attachment.php?s=&postid=2259280
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Thanks Ed. So do you think we have begun wave 1 down of V, or are we still in wave IV? Or, are there a couple of possibilities and it is still unclear?
 
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