Ewj: elliott wave

The BULLISH scenario . . .


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So the Market tops at 774.53 SPX, nearest to Landis' 775 :cool: :D .

The DOWN move looks impulsive :eek: .
Two red lines are crossed. The first Sell Signal is profitable now :) .
If the third red line is crossed then "Good Night Irene" :confused: .
 

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So the last 110, 15, 8 points turned out to be a Bull Calf Trap :cool: .
The Shooting Star may signify the end of Wave 5)4 :) .
Below the end of Wave 5)3 may be a Bear Trap again :D .
Quote from mu200411:03-14-09 02:32 AM

Next new high, about 110, 15, 8 points from today's high, if there is any, may be a Bull Trap :eek: .
The three red lines may be the triggers for Sell Signal :) .
 

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