Ewj: elliott wave

Glenn Neely now has done an "about face" due to Monday's sell-off and believes that there is a 1-2 week decline coming.

Sold out of his longs yesterday for a 9 point profit ( 833 to 842 ).

Believes that Monday's decline shows that a "c" wave has been completed and now he looks for a "d" wave decline coming before an "e" that takes us back up to finish his bigger (E) and thus (X) wave.

He advised going short the ES.
 
Wave :iii extension is a good sign.
There is also a higher high which should be wave five :) .
So there may be another Big measured move UP .
Target of wave five is 869.
 

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Landis,
It looks as though Mr.Market has caught some big fish on the wrong foot :eek: .
A Bear's Trap of 862 - 842 = 20 points compare to 842 - 833 = 9 points profit.
mu.
Quote from Landis82:04-23-09 02:03 AM

Glenn Neely now has done an "about face" due to Monday's sell-off and believes that there is a 1-2 week decline coming.

Sold out of his longs yesterday for a 9 point profit ( 833 to 842 ).

Believes that Monday's decline shows that a "c" wave has been completed and now he looks for a "d" wave decline coming before an "e" that takes us back up to finish his bigger (E) and thus (X) wave.

He advised going short the ES.
More...
 
On fine tuning, wave :v's target may be somewhere between 863.5 and 866 :) ,
nearer to Keith's target :D .

Glenn Neely should have consulted Keith before sold out of his longs :cool: .

Note:
Next page will be 2/3 of ten thousands.
 

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Charles Nenner is on CNBC right now (3:30pm) looking to get short and new lows.

Patting himself on the back for appearing in front of Mark Haines back in February and targeting a rally to 1000.

The problem is, he never got his subscribers long! :D
He was on the "sidelines" the entire time in the S&P. Never long during the month of April, and I don't believe March either.
 
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