Ewj: elliott wave

[TraderRob]

Mup, your call for 966.00 in the ES this morning was right on. The low in the e-mini ES was 966.00 which should have completed wave 4 of 5. If you see things differently, please share your thoughts.

New chart attached...

 

[Mup]

To quick on the sharper pull back...

Teased us with the slight bust of the ALt....

There's a pesky delta point due, hence my slight bear bias...

The best the bears can hope for is this a b wave back up as part of a larger 4 in Roberts chart...

 

[Mup]

Chart to help explain the last post waffle....

60min ES

 

[Mup]

May be the triangle is a cleaner count... ?

Not in the office so its mark one eyeball on the counts

60min ES scribble

 

[Landis82]

Another push up in the making... this time from 97.57 SPY up to 98.14 with ten minutes left in the session, Mup!

 

[Mup]

Looks that way to finish the d...

closer look on the 5min ES

 

[Landis82]

Mup, PTEN's earnings come out on the 30th and the stock looks to be in a most interesting area, including a rather daunting stochastic pattern and a MACD divergence.

Care to comment on the chart?
Thanks!

 

[Mup]

This is the bear option from the otherday, which gives the 5 wave move up off july low the c wave.....

I'll try and eyeball the delta fib time pressure to see if it matches up...


http://www.elitetrader.com/vb/attachment.php?s=&postid=2513930

 

[Mup]

Timing gives hints at a High point ..

27th gets a lot of Fibs which would make a good closing high... Carn't rule out one last spike as part of an ED 5th before reversing for a close below the 27th level.

Just an eyeball as I've haven't done a full 10 deviation H/L count..... :eek:

Daily PTEN

 

[Landis82]

Thanks Mup!