Ewj: elliott wave

[Landis82]

Some short covering in the futures heading into the close.

NYSE Advancers: 405
NYSE Decliners: 3,459

That's a ratio of nearly 9:1
:eek:

 

[Mup]

Quote from Mup
Went 1:1 again watch out for a bounce as it could be an ED C wave...
http://www.elitetrader.com/vb/attachment.php?s=&postid=2334799

Enjoyed today

Not technical at all......

Handy that EW

 

[ed]

Mup,

Thanks for the larger picture 1:1....

SPX 5min

 

[Landis82]

Quote from Mup:

It could very well be done a dusted as we've reached that larger 1:1 we were on about before on the daily...

see what you think

120min SPX

Wow!

 

[elovemer]

Quote from mu200411:
Ending Diagonal confirmed. This may be a Bull Trap :eek: .
The last UP move looks corrective.
The three red lines are the triggers for Sell Signals.

 

[blnbr]

Quote from Mup:

Yes popular count the wave 4 pull back , bouncing of a lesser the lesser 50%

Bothers me that its overbalanced its major ALT.. so this bounce back up of the lesser 50% could also be a wave 2 or b...

Let's see how the wave count ends up to be. If that's a wave-2, it would be even better for the bulls.
Bot a small amount yesterday when I saw some kind of breakout on the chart, just to try it out.

 

[blnbr]

SPX daily chart doesn't look so good to me. It could still be a down day today. But let's see what the market says.

 

[mu200411]

Can 12 points UP and 44 points DOWN be called a Bull Trap ?
Fifth of Fifth of Fifth wave, Wave 5)3.5:5v has shown .iv subwaves .
Next move DOWN should be a Bear Trap .

Thanks elovemer ,
mu.

Quote from elovemer:03-06-09 04:18 PM

Quote from mu200411:03-05-09 12:12 AM

Ending Diagonal confirmed. This may be a Bull Trap :eek: .
The last UP move looks corrective.
The three red lines are the triggers for Sell Signals.

 

[Mup]

Agree blnbr
If it carn't clear its 1:1 into the 38.2% then its got problems as the bears will just see an a-b-c.

The potential becomes a 1:1 to the downside...

So its a key line in the sand the bulls need to clear to keep the bears at bay....

120min Globex

 

[Mup]

I'd like the bulls to clear just from a technical view with that larger 1:1 from yesterday as it would claer a few things up, but if the bears crack the whip I wont complain either...