Ewj: elliott wave

I too, tend to leave the higher frames alone but dust the charts off now and again....

Still use the same ALt traffic light rules though..... :)

Quote from Mup
Conceivably we could get Down to 1600 (INDU) the ALT .....Of a larger degree 1:1... ( or a ratio of the last ALT)
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See what you think.....
Monthly INDU :)
 

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For "inflation" counters..

This sell off is part of a wave (6) correction of a 9 wave (III)...

Its just about holding a lesser ALt around the 7000 level on the closing price line chart...

Line chart INDU
 

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Quote from ed:

A more bearish scenario (heavily tinted by bearish goggles.... :D)

Take your pick...

SPX Weekly
http://www.elitetrader.com/vb/attachment.php?postid=2354860
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Quote from Mup:

Same as that w-x-y count lean of mine just but put in a more mainstream count style :)

Fractals anyone ? :)

240min ES
http://www.elitetrader.com/vb/attachment.php?postid=2357818
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Mup,

We don't seem to be able to get in sync with our ED counts so far huh? :D

I do like you version better.... :)

And thanks for that monthly INDU. I'd prefer to just leave the dust where they are on my long-term counts..... :D

Glad to "see" you are up and much better!
 
Market News
Stocks poised to surge on bank plan
Mar 23: 7:02a
Initial market reaction to bad asset purchases appears bullish.
http://money.cnn.com/2009/03/23/markets/stockswatch/index.htm

We should consider BUY Signals when futures are UP at the completion of wave two count :) .
There may be a measure move UP as Wave .3 about 1120, 135, 240 points :eek: .
Crossing the first green line will confirm the "W" pattern.
Crossing the resistance trend line may be bullish.
Move stops up as the rest three green lines are crossed.
There may be no Bull Trap today :D .
Quote from mu200411:03-21-09 10:50 AM

.....Would there be another measured move as Wave .3 :confused: ?
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There is a major cycle coming in over the weekend please watch your stops

It rallies this time of the year but this is the worst bear market we seen in a long time.
 
Hi ed :)

Still 1 degree under or so but the pseudoephedrine helps :D no wonder they make CM out of it :eek:
A time out in the warmth of BGI is looking more and more likely ....

The delta hints at a completed Z wave at that 666 low so I not totally convinced about the ED's myself but its not out of the question your exp flat is a better structure...

If price goes above 874 would confirm a few things...
 
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