Ewj: elliott wave

Quote from athlonmank8:

Looking to short some here....weekly moon shift

Pure gamble :) I'm bored.

Banks are still strong. They're unload into this IMO.....just not sure when
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Moon is my baby. Futures -9. This will carry into the next few days if this holds into the AM.
 
So we got our measured move UP as expected :) .
The DOWN move looked impulsive this time :( .
After the best 5 weeks since 1933 it may be time for a correction :mad: .
ROC is decreasing. Volume is decreasing.
Everything points to a correction,
but P&F Pattern = Ascending Triple Top Breakout on 09-Apr-2009
Bullsh Price Obj. (Rev.) : 1065.0
http://stockcharts.com/def/servlet/SC.pnf?c=$SPX,P&listNum=
The answer may lie in the diagonal triangle:
If it is a Leading Diagonal Triangle then UP, Wave 3.3
If it is an Ending Diagonal Triangle then DOWN, Wave 2 :confused: .
If everybody is expecting a correcting then the Market will go UP.
If everybody thinks the Market will rocket then DOWN.
 

Attachments

possible blue ii flat correction

spx20090414_175005.gif


see more detail SP500 roadmap >>>
 
It is hard to explain a cycle change when a lot of of thing influence this change, all we can do is provide a warning because the cycle can pull back and continue up due to the shift in stimulus plan can disrupt the normal natural cycle.

But it look like a cycle change is in effect.

We scalp every top put in and it is working, that all it matters.
 
This look like a Short setup confirming a trend shift w/ head and shoulders on the 30 min chart. this look like a confirmation of some sort! ES
 
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