Ewj: elliott wave

[Illum]

A look a wave3 in Dollar index, last 3 days especially difficult

Within the wave 3 channel, looks like this is wave 5

 

[Landis82]

A-B-C measured move down in the SPY?

 

[Mup]

Mike's all ready way ahead of me

5min ES

 

[Landis82]

Thanks Mup!

Yeah, I noticed some ABC's going on in my favorite stocks as well as the S&P.

 

[Mup]

Hi Illum

DX Is getting close to some 1:1's , if its still in a larger corrective w-x-y pattern...

Daily DX #F

 

[Illum]

Quote from Mup:

Hi Illum

DX Is getting close to some 1:1's , if its still in a larger corrective w-x-y pattern...

Daily DX #F

Beautiful, thx.

 

[Mup]

Quote from Mup:
Hmm the moment bots have gone neutral from +ve bias....Below 913 gets this more of a lead option....
http://www.elitetrader.com/vb/attachment.php?s=&postid=2433988
60min ES

Bit late on the turn today, but we got the direction in the end )

Key area around that 1:1, if it holds then ed's 1,2 of a 5th wave is spot on...

ed's chart
http://www.elitetrader.com/vb/attachment.php?s=&postid=2434136

If it doesn't, the odds lean on the "c" wave of a flat...

 

[Landis82]

50% between the high of 924.60 and the low of 878.94 gets you:

901.77 SPX

 

[eustaer]

Thx for the feedback Ed. Just catching up now after the day.

Looking at your past post it is interesting to see that my more recent 1-5 Wave count would constitute your entire Wave 4. An interesting thought.

Now if your scenario does play out over time wouldn't it be fare to say that the S&P 500 would eventually head to lower lows at the end of Wave 5?

That said, how did u come up with your Wave 4 target of 965-995? Just curious....
--Do you have know of any websites that elaborate on technical target calculations re: EW.



-e

 

[mu200411]

So it is a 3)5.1-.2-.3-.4-.5 of may be a 3)5 failure ,
followed by 5-3-5 which may be a 1-2-3 DOWN, or just wave .2 of Wave 3)5 ,
which will be followed by .3-.4-.5 to 970.
Note:
BUY Signal above 909
SELL Signal below 890.