Ewj: elliott wave

[Mup]

Needs to clear that 779.5 area otherwise it could be problem for Timmy.....

 

[Mup]

should highlight why its a key area...... (Gartley Fans)

5min ES

 

[chemillion]

Do you trade based off of multiple time frames MUP? If so, what is your strategy?

Thanks

 

[chemillion]

How did you get 779.5 resistance area?

 

[Illum]

No follow through today, this is not breaking my 5 count, not even remotely close. I guess I am fading Prechter? Looking for new lows soon.

 

[Landis82]

Just came off the 78.40 SPY high at 3:25Pmn and retraced 61.8% (77.07) and then some.

6 minutes left in the session and no sign of Obama or Geithner!

Ut-Oh.

 

[Mup]

Quote from chemillion:

How did you get 779.5 resistance area?

Have a look at the ratios going into that 779.5 (classic 3 drives )

1.414 relates to the square & 1.618 relates to the rectangle in gann terms...

Or a possbale "y" wave in EW terms

 

[chemillion]

(classic 3 drives )? Which methodology is this?

Gann terms?

Thanks,

 

[Mup]

Quote from Mup:
Needs to clear that 779.5 area otherwise it could be problem for Timmy.....
http://www.elitetrader.com/vb/attachment.php?s=&postid=2321771

It was Obama instead

Enjoyed today... being more technical based price action )

5min ES

 

[Mup]

Yes the ratio's between the Square and the rectangle are Gann based chemillion

As for time frames, yes we use muilt frame models for intraday mainly for momentum...