Ewj: elliott wave

[mu200411]

So we had almost reached our first target by the first shot UP .
Although this began with an ugly 1-2-3-4-5 it looked like an impulse wave .
Look forwards to the second target .

Symbol Last Change % Change High Low Volume Time
DJIA 7,350.94 +236.16 3.32 7,378.97 7,114.30 468,014,533 4:02 PM
NASDAQ 1,441.83 +54.11 3.90 1,445.07 1,395.11 2,147,483,648 5:15 PM
SP500 773.14 +29.81 4.01 775.49 744.69 n/a 4:59 PM

Quote from mu200411:02-24-09 10:46 PM
A higher high. This may be Wave 5)3.3:5iv which can go UP to Wave 5)3.3:4 (7422, 777, 1451) ,
or Wave 5)3.4 (7600, 797, 1485) .

The third (actually fifth) Wolf Scare (Bear Trap call) turned up the Wolf, albeit a small Wolf Pup :eek: .

Quote from mu200411:02-24-09 01:21 AM
The 12-waves count and 750-740 target may turn out to be the right count :eek: ,
and Wave 5)3.3:5 has just ended .
If not, it should not go DOWN below 740 .
Else have to re-count .

 

[elovemer]

usd.jpy

 

[Mup]

Quote from Mup:

Usual pesky alts (+32.25) on the way back up..... (Slightly more outside the box count)
http://www.elitetrader.com/vb/attachment.php?s=&postid=2320002
60min ES

Usual line in the sand

The lesser ALt is -11.5 back down (763.5 area) so that will be key to watch....

 

[Mup]

Update on that 5min elongated "c "wave count

5min ES

 

[Mup]

Update on GC...

The bulls will be looking for a completed (sharp) wave 4 pull back in Gold & will be looking for a 5th wave higher.

The delta also hints we could get another high into that 1020 area

240min GC #F

 

[ed]

I just don't feel comfortable when the the drop in SPX bounces off at ~755 (61.8%) retracement....

Will be watching from the sidelines until this clears up.

Mup,

What do you mean by taking a backseat at BGI?

SPX 90 min

 

[mu200411]

Five waves DOWN :eek: , is not so good for the Bulls .
Double reverse Head and Shoulders may lend some hope .

 

[ericmoles]

Quote from elovemer:

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

Elove, did you get a short in on the bounce?

 

[Mup]

Quote from ed:
Mup,

What do you mean by taking a backseat at BGI?

SPX 90 min [/B]

Hi ed,

If the powers that be continue to make life more and more difficult over the coming years, then a time out, to sit back, enjoy and maybe pen some notes would be an option
Prechter's conquer the crash (chapter 28) springs to mind.. )

For the time being I best start my swatting up from my
"fit-and-proper test" grrr...

http://www.independent.co.uk/news/b...e-poised-to-target-rogue-traders-1622147.html:

 

[mu200411]

The Bulls would love this 5-waves UP .