Ewj: elliott wave

Quote from Landis82:

I know that many of you might be getting TIRED of me talking about the OIH . . . but the fact of the matter is that this market will NOT GO DOWN until the OIH starts heading down.

Crude needs to sell-off in order to turn this market back down again. The SPX/CL correlation since the March 6th low is extremely high.
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On the contrary, I like the fact that each of us are following our different "indicators" such as VIX, OIH, crude, etc.

Many of these have a unique correlation with the overall market and provides many avenues for us to confirm buy or sell signals.

So, please keep posting! :)

Any takers for gold and USD/EUR? :D
 
Maybe another week or so before a significant turn?

If so, it would be a very evil, treacherous, cunning, @#$%^&* week since it will be wave 5th of the 5th of the 5th? Mu knows best....:D

VIX Weekly
 

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What the heck AXL is doing? $3.65 !?!

I sold it in the pre-market hour today for $1.80 and had about 50% gain and thought I should be happy. But now it's more than double my sold price in just 3 hours?? :eek:

Now I'm crying guys I'm crying :( ...

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Great chart thx
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You are welcome, Illum. Let's hope the market will move that way.
 
I believe this will be the last. Take a look at the VIX and the SPX weekly charts I posted just now.

Also, the NQ has already started its move down and is now in an "extended" mode w2.

Enjoy the ride up to the 930s in the ES. But remember to keep your honey when we get there! :D
 
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