Ewj: elliott wave

[mu200411]

Monday's DOWN move looked more like a triple Zigzag than a 1-2-3-4-5.
Last hour's UP move looked like a 1-2-3-4-5-a-b-c-.1-.2-.3-.4-.5-.a-.b-.c .
There should be another 3-4-5 which will confirm the "W" pattern .
A larger MM is still possible .

Note: 300,000th view passed.

 

[Mup]

300K :eek:

Quote from Mup:
Otherwise its a LD or 1,2 i,ii ect..ect that will grab the bears attentions [/i]

Somting a little more outside the box

5min ES

 

[Mup]

Not a LD then

ed & Mu were spot on with the (b) wave ....

1:1 is that 700-701 area

5min ES

 

[ed]

Quote from mu200411:

Note: 300,000th view passed. [/B]

Well done Mu!

Thanks Mup.

SPX 120min

 

[Mup]

ed's bullish Could well be in a 4...

Reached that 1;1

Bench mark Alt is the -5.25 on the ES while it holds lesser alts it can still go higher....

708 is the next larger degree Alt on the Globex if it can close this 701 area out...

 

[mu200411]

Measured move reached as expected .
What's next ?

 

[Mup]

Still holding its lesser alts.....
could waste time in a lesser 4...

5min ES

 

[mu200411]

There may be another measured move UP as fifth wave of Wave 5)4.a to end of Wave 5)3.5:4 at 6972, 723, 1369 .
Wave 5)4.c may go UP to end of Wave 5)3.4 near 7350, 773, 1441 .

 

[Mup]

Handy those lesser ALts

http://www.elitetrader.com/vb/attachment.php?s=&postid=2341319

Key area the 150 to 161.8% ext as we complete 5 lesser waves...

5min ES

 

[Mup]

from Mup:
Mybe I'm off base with Gold but here's a 240min chart highlighting this move up being part of a (B) wave of a Flat IV. ( short term I'd like the 1:1 around 994 area then it could be a problem for the goldbugs)
See what you think
http://www.elitetrader.com/vb/attachment.php?s=&postid=2302159

240min GC #F

Hmm might not be that far off base ??

To quote elo... "gold could be cooked"