Ewj: elliott wave

[ed]

Quote from Mup:

Thanks ed....

Still no chnage on that 60min ES

These wave iv patterns have a habbit of forming Expanded flats, so we've got something to keep an eye on & maybe keep us from nodding off.......

http://www.elitetrader.com/vb/attachment.php?s=&postid=2527761

Just in case we count too slow

ESU9 90min

 

[Mup]

or We still in the iii....

These patterns have a habit of wasting time....

Remember the INDU's pattern from Dec 06 to March Feb 07...

But I do tend to count more on the slow side :eek:

That Dow pattern...

 

[Mup]

If its gets above that 1006 area then we'll have to change the count... But for now its still riding the rail of an ED..

 

[Mup]

Forgot the chart

60min ES

 

[Landis82]

Quote from Mup:

These patterns have a habit of wasting time....

Remember the INDU's pattern from Dec 06 to March Feb 07...

But I do tend to count more on the slow side :eek:

 

[Landis82]

Mup, can you post a Daily OIH chart for us with your analysis?

Time to revisit this Beast!
It looks to be getting a bit weak right here.

 

[Mup]

Quote from Mup:

If its gets above that 1006 area then we'll have to change the count... But for now its still riding the rail of an ED..
http://www.elitetrader.com/vb/attachment.php?s=&postid=2527977

.

50% would be nice around 991/992....

 

[Mup]

I'll take a look,

OIH did hit that $115 target and pulled back well....

Mup
http://www.elitetrader.com/vb/attachment.php?s=&postid=2214765[

 

[Landis82]

SPY just held the 50% intra-day retracement around 100.20 and "bounced" back up .618% - - - as crude closed down 0.65 cents.

 

[Landis82]

Mup,

Take a look at BTU from the early July low at 27.19

Looks like 5-waves up with an A-B-C Wave 4 that ended on July 29th at 32.00, eh?

Stock took out yesterday's high and is flirting with the lows of the session today.