Ewj: elliott wave

[Mup]

Alternate bear option count....

The bears will be seeing an LD wave 1 going into this mornings low...

If it stalls out through late lunch then it becomes more of an option... So we've got both options covered..
Odds are still on the Bulls side while its holding ALts..

The Bear Alternate count
10min ES

 

[ed]

Hmmm... did someone mention ED somewhere?

 

[Mup]

Hi ed !

How things on a late friday evening.... ?

 

[mu200411]

Looks like SPX's and Crude Oil's Wave 3)2 are completed, and Wave 3)3s, which may be the strongest wave, have begun .
EUR/USD is following and has shown 5-waves UP pattern .

 

[mu200411]

Five waves UP and three waves DOWN .
There may be a measured move UP to SPX 1010 .
Blue lines are for BUY Signals.
Red lines are for SELL Signals.

 

[mu200411]

EUR/USD and Crude Oil are racing for new high .
SPX is waiting .

 

[KOOLBLUE]

fwiw...a longer term perpective...

 

[blnbr]

Quote from Mup:

I do like ensign, even though it has its idiosyncrasies from time to time.....

Hi Mup, I wondered how Ensign software works. Does it automatically label Elliott waves on the chart for you and relabel the waves as the chart updates? Or does it give you several different versions of Elliott wave counts and let you choose the one you like?

 

[Mup]

Quote from Mup:

Alternate bear option count....

The bears will be seeing an LD wave 1 going into this mornings low...

If it stalls out through late lunch then it becomes more of an option...
http://www.elitetrader.com/vb/attachment.php?s=&postid=252305310min ES [/i]

Stalled out through lunch ....

We could get an interesting last hour as the odds creep more into the bear's favour....

If we get back above 989.5 the the bears have missed their chance for a switch of bias...

Update on the bear

10Min ES

 

[Mup]

There's no automated labelling in ensign its all manual blnbr

Advanced GET ,Prognosis & RET are the popular automated labling software....