Ewj: elliott wave

[Mup]

Only a 3 wave move down (ES)... so its still got more upside mischief left.....

 

[Mup]

Quick scribble on Cable...

120min GBP #

 

[Mup]

The Alt cable count...

This puts the lesser 4 already in & this move up of the 8th of july is a leading diag wave 1 of the higher 5th...

240min GBP #F

 

[Mup]

BTU

360min....

Still in an x-x or the larger (B) could be already in ... That 27 area will be the key..

 

[Landis82]

Thanks Mup!

The entire coal sector has become extremely overbought. We will see some sharp moves down, followed by huge waves of short-covering.
A TRADER'S delight!

BTU has already seen a 6% range today, and CNX has seen nearly 10%. :eek:

 

[Mup]

Its sure lively ... The 38.2% is around that $32 level which will catch the eye of the wave 4 players....

On the ES
Getting close to that benchmark ALt on the ES..

60min ES

 

[Landis82]

Quote from Mup:

Its sure lively ... The 38.2% is around that $32 level which will catch the eye of the wave 4 players....

Traded down to 31.96 and is now heading back up with the rest of the complex. Always got to be prepared for a "rip your face off" short covering rally!

The quotes move extremely FAST in this group!

 

[Mup]

In the lesser (b) on the ES of a Flat iv...

5min ES

 

[Mup]

Bit of time and price on the ES...

61.8% in time going into the 1:1 with the 61.8% in price just above..

 

[Mup]

They pushed it to just above the 94.1% of the (b)last night...

Still favour the (c) wave today....

5min ES