Ewj: elliott wave

Always key ratio;s after a gap.....

needs to overbalance those lesser -6.25 Alts to get things moving to the downside as it will rule out a lesser flat pattern... untill it does the flat option is a real possablity.....
 

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Wow, I thought we were about to roll-over to new lows and we just spiked the SPY up through resistance at 75.16-75.17

That "popped" some shorts, for sure!

:eek:
 
That "spike" back up to 748.61 SPX was essentially 66% of the first (a) leg up off this morning's low.

Are we now done with this "corrective" bounce, or do we still head a little higher first?
 
Quote from Mup:

A chart of that Dual 1:1 & ALT.. oh and there's a Gap :D
More...

Hey MUP, can you take a look at MET, looks like its got some more downside before the next support. Let me know what your analysis is.

Thanks
 
SPX seems kind of "stuck" here but trust me when I tell you that the OIH has been surging along with the Coal sector.

Great long-side trading!
:cool:
 
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