Ewj: elliott wave

[ericmoles]

What are the chances this could turn into a multiple flat pattern versus mup's bearish C wave 1,2,3,4,5 impulse?

Mups - http://www.elitetrader.com/vb/attachment.php?s=&postid=2303334

Sorry for the poor quality attachment. MS Paint is a PITA and I'm still learning it.

 

[Mup]

Daily CAD #F (H)

Looks like its now in the z wave on its way to the 0.70 area ( 1.30 on the inverse )

 

[Mup]

eric,
The bulls will be still looking out for the possablity of a (d) or (B)...

The Ats will be the key ( over +12.5 correction back up) then things are changing...

 

[Mup]

Quote from Landis82:

That time frame has also been identified by Charles Nenner as a cycle high in the U.S. stock market before a long decline. (March 16th)

There's a good few cycles that point to early March as a turning point. Would be a nice if they came in be it either a high or low point

That Armstrong date is just a "confidence" peak before things really tall off for the rest of the year...

 

[elovemer]

......now back below yellow line .... on daily

Quote from elovemer:
...low.... was just above the yellow line....
... still...

 

[Mup]

x wave bounce ? (Most will see a wave 4 its the same count but may as well be different ,- )

15mibn ES scribble

 

[Landis82]

Quote from Mup:

x wave bounce ?

You read my mind Mup.
2:30PM Eastern is always a good starting point for a counter-trend move.

 

[Mup]

Maybe its time to shake the retail traders out going into the usual 15:30-15:45 margin close outs...

I would guess retail daytraders are net short so a squeeze would be nice towards the gap....

 

[Mup]

Quote from Mup:
Maybe its time to shake the retail traders out going into the usual 15:30-15:45 margin close outs...
I would guess retail daytraders are net short so a squeeze would be nice towards the gap....

Squeezed retail into the ALT ....

 

[Mup]

Opps seem to have missed off the chart on that last post..

That 12.75 ALT for da-boyz to sell into on the retail
squeeze.....