Ewj: elliott wave

[Landis82]

A 5-WAVE PATTERN RALLY OFF THE LOWS.

 

[Illum]

Quote from ed:

Mu,
I think 881 in the ES may be a good place for a w2 bounce up for us bears to reload....

VIX is climbing so aggressively it looks like we're in an impulsive third wave up :eek:

If all the sell signals are followed through, then I don't think we'll see the high of ES @ 929.50 for a loooooong time.....

Very nice, 882 and a bounce. Great one!

 

[Landis82]

The Dollar continues to get crushed.
Short the energy names and coal stocks here at your own peril.

 

[ed]

Thanks Illum

Here's one bearish view....

SPX 15min

 

[mu200411]

Yes ed,
There may be a mesured move UP , as Landis' five waves UP indicated
followed by a measured move DOWN .
But I'm afraid the next Big "M" confirmation may be a Bear Trap :eek: .

Quote from ed:05-21-09 11:20 PM

Mu,
I think 881 in the ES may be a good place for a w2 bounce up for us bears to reload....

VIX is climbing so aggressively it looks like we're in an impulsive third wave up :eek:

If all the sell signals are followed through, then I don't think we'll see the high of ES @ 929.50 for a loooooong time.....

 

[Mup]

Lesser traffic lights ....

While we're below that 890 area , we can still get a 5th wave down...

60Min ES

 

[elovemer]

... me likes .... ABC ....

.... me like COOKIES !!!!

Quote from Mup:
872 (ES) is the usual eyeball... Needs to go below that 876 swing low if the turns in...
60min ES

 

[Mup]

Me to elo

5=1 also comes close to that 1:1 target....

 

[Mup]

Quote from Mup
In a Lesser iv on Cable... ?
http://www.elitetrader.com/vb/attachment.php?s=&postid=2435387
240min GBP #F

Just above 1.60 is the 200% ext...

240min GBP

 

[Landis82]

On the SPX . . .

C=A at 873.37