Ewj: elliott wave
- Thread starter mu200411
- Start date
Quote from ed:
Triangle?
ESM9 120min
http://www.elitetrader.com/vb/attachment.php?s=&postid=2443842
Edit:
Count invalid above 908
Dropping.... now to watch the 50% & 62% at 894 and 892 respectively. Bullish if they hold up strongly, else bearish to possibly 877....
Quote from ed:
Congratulations Mu on 1200 pages!!! :eek:
Many more good days to come!
Here's a re-count of the SPX from March 9th. It's a slightly different variation from yours, but the direction still points up for a while....
SPX Daily
http://www.elitetrader.com/vb/attachment.php?s=&postid=2443549
Correlation with OIH?
OIH Daily
Edit:
If you think that last part in the chart is an ED fifth, then it may suggest a truncated 5th wave in the SPX as well.... That would mean a re-visit to ~930 before it drops...
.Quote from ed:
Well.... 892 held.... truncated "E" wave of triangle?
Let's see what happens now...
Remember this?
http://www.elitetrader.com/vb/showthread.php?s=&postid=2425534&highlight=thrust#post2425534
Watch 930 closely.....