Ewj: elliott wave

Quote from Landis82:

The key reversals in the energy names, coal and mining stocks this morning are incredible.

Hope everyone was able to get SHORT and HAPPY!
:)
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Bernake said something to Congress the other day that sent a cold chill through me. In response to a Congressman's concern over inflation, he said we will not have to worry about inflation for ---years-- :eek: CL too pesky for me atm, X looks great. Then again I trust nothing. "They" start buying the ES and all bets are off. Trying to watch the waves to see if they come. :(
 
Wave 1)5.5:5 ends just below the 930 limit (929.58) :cool: .
The DOWN move look very impulsive :) .
There may be a measured move DOWN :D .
Quote from mu200411:05-07-09 01:04 AM

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.
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Yes ed,
Wave 5 is " :eek: treacherous :mad: ", sometimes it extends, sometime it fails, sometimes it doesn't show up at all :confused: .
This time I counted 3 5th-waves (2 extra waves named "5") :D
mu.
Quote from ed:05-07-09 07:10 PM

All I see is still a never ending series of 1-2-3s and then flats.....

Mu,
This is giving new meaning to the term "treacherous"! The evil wave is playing hide and seek. And once it shows up, all bears will break loose! :D

Edit:
Would be looking for about ~930 in the ES. If that target cannot hold, then we could be going up to the 960s region. :)
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Attachments

And through T2:D

T3 is 895

The bulls who bought the break of 900 will try and double down or bail at breakeven so it could be a little mischievous around here...
 
Quote from Landis82:

Here comes a short-covering rally!
:D
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Hee.. hee.... for us bears, it's a "shorting" rally! :D

Oh, Winnie says hi to everyone!
 
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