Ewj: elliott wave

[Landis82]

Sure looks like we're heading for that 50% area . . . just eyeballing a 5=1 with roughly 30 handles gets you up to 857'ish off Friday's intra-day SPX low of 826.70

 

[elovemer]

.... getting closer

Quote from elovemer:
.... teeny tiny ALT .... at .... 870 es
... :0)
....next smaller one at around 846 es

 

[TRAS]

Will not resume till after the Holidays!
It is normal for it to pull back to the 14 to 15 of April before going up!

Waves this week will send you a curve ball! Let the Fun Begin!

 

[mu200411]

Looks like a wave five failure :eek: .
The "M" pattern is confimed, the Gap may be closed at the completion of the "M" pattern .

 

[Landis82]

Where is everyone???

 

[mu200411]

There is an inverse relationship between SPX and volume .
May continue lower to target

 

[mu200411]

Target almost reached .
There may a measured move UP soon .
Where is everybody ?

 

[ed]

Quote from Landis82:

Where is everyone???

Quote from mu200411:

Target almost reached .
There may a measured move UP soon .
Where is everybody ?

It seemed to me that Mr Market was wasting time in a wave4, so I took one eye off the markets to work on another project....

A quick look.... the SPX seems like it may want to go one more leg down to about 813~810 before resuming its uptrend....

Below 805 and it's bear territory....

 

[blnbr]

Quote from ed:

It seemed to me that Mr Market was wasting time in a wave4, so I took one eye off the markets to work on another project....

A quick look.... the SPX seems like it may want to go one more leg down to about 813~810 before resuming its uptrend....

Below 805 and it's bear territory....

I wonder if it can be called wave-4, since it's longer than wave-3 already.

 

[ed]

Chart should help....

I'm still weighing probabilities between both wave 4's below....

Quote from ed:
04-02-09 11:15 PM

Hmmm... after such a stretch of long run upwards, an ED finish would be nice for dessert.....

SPX 120min
http://www.elitetrader.com/vb/attachment.php?s=&postid=2373125

Quote from ed:
04-06-09 03:24 AM

The amount of overlaps since March 6th makes it very difficult to count.

However way I see it, March 25-30 still looks like a flat to me, so I'm labelling it as a (B). Naturally, this leaves us in either wave (C) or wave 3 up

The next few days would be very interesting.... If SPX continues to move upwards and bust through both 859.81 & 878.69, then we're likely going to see some sustained move upwards, else it's goodnight irene.....

SPX 120min
http://www.elitetrader.com/vb/attachment.php?s=&postid=2377245