Ewj: elliott wave

[Landis82]

Excellent work Mup!

 

[Mup]

Usual pesky alts (+32.25) on the way back up..... (Slightly more outside the box count)

60min ES

 

[Landis82]

ACI: +1.63 to 14.04
MEE: +1.00 to 11.90

BTU: +2.10 to 24.10
CNX: _+2.56 to 27.10

Coal Stocks SCREAMING!!!

 

[ericmoles]

Anybody getting short S&P at this level?

 

[Mup]

Thanks Mike!

 

[elovemer]

...and again at 75

Quote from elovemer:
...this ALT is in play here again....
--------------------------------
02-20-09 01:25 PM
.... here is a good example of a swing sized ALT ....
.... the purple rectangle is the size of the correction
..... the biggest correction in the down swing equals the biggest correction in the previous up swing

 

[elovemer]

... will look for a lower high to set up on gold ... for a short play

 

[Landis82]

Bernanke essentially takes "nationalization" of the Banks off the table and the market goes on a tremendous RALLY.

Be careful out there folks.

When this market does in fact TURN, it will be most important to recognize TREND DAYS and not fall into the "trap" of trying to look for points to put shorts out.

 

[blnbr]

Will it move in a channel next?

 

[Illum]

Interesting to see if this rally will break a 5 count in progress. If this is a mini 4 or the start of something else.

On a side note. I'm seeing a weird theme. Nuclear subs colliding, satellites colliding. Nasa Rocket today didn't make it out of orbit. Something is amiss?