Ewj: elliott wave

[Mup]

Bothers me that a lot of EW'er have the LD.

So here's the other alternative option just incase.... 853 (SPX) is tipping point so a nice LIS.

Until 853 gets busted, the bots say "+ve" bias as delta wants price above 878 (SPX).

120min SPX

 

[Landis82]

Market double-bottoms off the opening low with the 10:15am low and heads straight back UP and into the GREEN.

Shocker.

 

[mu200411]

Failed "M" pattern and confirmed "W" pattern, what's next ?
A measured move UP or a measured move DOWN .

 

[mu200411]

Looks like a 5-waves UP and a 3-waves DOWN .
There may be a measured move UP .

 

[Mup]

Bulls really need to defend this 856-855 (ES) area....

Otherwise Bears will being seeing this.....

60min ES

 

[mu200411]

Too Bad :eek: .
It looks like a Head and Shoulders now .
DOWN if confirmed .

 

[ed]

Here's a bullish (but trecherous ) view....

SPX 853 & thereafter 849 has to hold else count invalid....

SPX 90min

 

[Landis82]

Quote from ed:

Here's a bullish (but trecherous ) view....

SPX 853 & thereafter 849 has to hold else count invalid....

SPX 90min

Given your count from last Friday, I take it that you believe that we are no longer in Wave 5???

 

[ed]

Quote from ed:

Inspired by Mup's LD......

Specially named by Mu.....

Still want to be long now Landis?

SPX 30min
http://www.elitetrader.com/vb/attachment.php?s=&postid=2401335

Quote from Landis82:

Given your count from last Friday, I take it that you believe that we are no longer in Wave 5???

I still believe we are heading into a Wave 5. The one I was referring to last Friday was a v of 3 which brought us to the drop at today's open, which was the 4

 

[blnbr]

(detailed) Elliott Wave Rules and Guidelines

http://www.geocities.com/WallStreet/Exchange/9807/Charts/SP500-Articles/EWRules.htm

Found this from a web site. I guess it's hard to follow every detail on every chart, but those are the rules. See what you guys think