Ewj: elliott wave

Quote from Mup:

:D



That LD part of a zig-zag (y) to form a double 3 as an eyeball...

So we could get another (x-x) wave or its completed the corrective pattern & its off to new highs... ( that +6 Alt (x) on the chart will be the traffic light)
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i don`t agree with u in d3 bcoz the shape of the shart is not sideway it`s sharp so d3 is not correct with me ..
 
welcome me7md ,

There's never a right or wrong count, thats not what Mu's threads about.

Its about ideas & options.

If you have a diferent view post a chart up....


:)
 
hmmm it found support at its lesser 61.8%
A favourite wave 2 target for an ED...

1,2 would be nice but ....

If it wants to be akward and waste time .....

120min Globex
 

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Once again, the strength in the OIH continues to put a "bid" under this market. Now in the 104 handle and up from 80 on April 1st.

One cannot underestimate how significant this group is when it comes to the market being in a BULLISH mode.

:)
 
Wave 1)5.5 with subwave :1-:2-:3-:4-:5 cannot end above 930.
It might have ended at 915.36 if it had no subwave.
Symbol Last Change % Change High Low Volume Time
DJIA 8,438.85 +28.20 0.34 8,504.64 8,403.00 202,202,622 1:10 PM
NASDAQ 1,740.45 -13.67 -0.78 1,770.29 1,730.97 1,522,974,176 1:10 PM
SP500 908.60 +4.80 0.53 915.36 903.95 n/a

Quote from mu200411:05-05-09 12:33 PM

In Wave 1)1-2-3-4-5 count, Wave 3 < Wave 1 so Wave 5 cannot be longer than Wave 3.
Maximum target of Wave 1)5 is 930 :) ,
beyound that it should be labeled as Wave 3)3.3 :D .
http://www.elitetrader.com/vb/attachment.php?s=&postid=2413755
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I'll take a look... :)

Delta hints at a move down, but that ED is niggling me if it wants to waste time...

I'll go with what the bots say for now for a 1:1 around 899...

15min ES
 

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Its running out of time for the delta window after its stalled out around 904...

Looks like ED is becoming more in focus if that 910 gets busted.....
 
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