Ewj: elliott wave

[Landis82]

Jim Cramer is MEGA Bullish.
That's all you need to know!


He was shooting bears with a machine gun
and strangling polar bears... last night on his show. It was a surefire contrarian market indicator if I ever saw one.

 

[ed]

Quote from ed:

Ok... got my pocket change....

The "b" wave turned at the 88.6% at 885.75 but the flat structure remains intact.

879 may be a good candidate for a 15 point short. Set your stops....

Hit the target..... .....but my tight stops covered a little too early.....

esm9 30min

 

[mu200411]

5-waves DOWN and a-b-c UP and 5-waves DOWN and a-b-c UP .
868-support survives the first test. Mup's "handy EW" .
If the next test fails, 858 may be the next target :eek: .

 

[Mup]

Thanks Mu & ed

Got the expected Pull back yesterday with that time and price pressure.
http://www.elitetrader.com/vb/attachment.php?s=&postid=2408325

Yesderday was 55 cally days from the March 6th Low.

Quiet here in Euroland with the hoilday weekend

Daily ES #F

 

[Mup]

ABC patten on the Globex ?

As Mu highlights the "handy" 1:1 target would be an easy eyeball ... )

240Min Globex scribble

 

[mu200411]

New lows in INDU, SPX and NASDAQ.
Rebound from 868.4

 

[Mup]

Looking better

120min Globex

 

[mu200411]

5-waves DOWN in all indices, overlapping in SPX .
After some rebound there may be another small measured move DOWN .
Note: Head and Shoulders pattern.

 

[Mup]

Hmmm... Seems there we a few more 50% buyers around...

This move of the 50% would make a great wave 2...

However if it wants to be awkward , it can waste time morphing into a larger (b) with this move of the 50% the "c "wave for the alternate count option....

Chart makes the above waffle easier

120min Globex

 

[mu200411]

This is a difficult count.
It can be a a-b-c-x,
or an overlapping 5-waves and a-b-c .
Both expected a DOWN move to new low soon :eek: .
Another alternative count is an a-b-c and a 1-2-3-4-5,
follow by a small correction and a new high .