Ewj: elliott wave

[ed]

Count invalid above 845

ESM9 10min

 

[ed]

Quote from Landis82:


Just for our good buddy Ed!

Thanks Landis, but I am looking for one more leg down in the VIX, and very likely to be just slightly below 30.....

And I have a different count from him too.... Mine's a flat in the VIX....

 

[Landis82]

Cool.

SPX retraces 50% of the move up from 2:15pm and surges again to new highs in the 849 handle before selling back down to 845-ish at 3:34PM.

Treacherous, Yes!!!
:eek:

 

[ed]

Quote from ed:

Count invalid above 845

ESM9 10min

That was quick... stopped out with a 1 point loss.....

This means we are in the treacherous, evil, scheming wave now, right Mu?

 

[mu200411]

The resistance trendline and level are broken .
There may be another wave to complete the 5-waves series near measured move .

 

[ed]

Vix goes up, ES / SPX goes down....

vix 10min

Edit:
Potential bear trap?

 

[Landis82]

Another 18 handle surge to new HIGHS!

 

[mu200411]

Moves UP to measured move as expected .
But the count is not complete.
There may be one more wave UP .
Double zigzag is a possible bearish count .

ed,
I think that wave can be counted as both subwave 5 of wave 1 and subwave 1 or wave 3 .
mu.

Quote from ed:04-22-09 03:24 AM

That was quick... stopped out with a 1 point loss.....

This means we are in the treacherous, evil, scheming wave now, right Mu?

 

[mu200411]

The count is completed just above the measured move .
Will there be another measured move as 1-2-3-4-5 or
this up move will end as a-b-c .

 

[j1900q]

My count says the same MU. Looking to sell out my longs on the SPY between 86.75 and 87.00.
trade well.
Keith