Ewj: elliott wave

[Mup]

That 998 key line in the sand....

240min Globex

 

[Mup]

Now things have changed....

Seems the OEX did have correct bias yesterday afternoon.... :eek:

990 ES ?

 

[Landis82]

And amazing as it seems, some of the Coal names like BTU are actually up on the day. CNX is down .30 cents, ACI, off more, 4% and PTEN trading 13.83 and off 3%

 

[Mup]

Quote from Landis82: and PTEN trading 13.83 and off 3%

looking better for that dip below $13

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Got that 990 ES

bulls need to make a stand here...,otherwise a trip below 965 will be on the cards on the larger time frame..

5min ES

 

[Landis82]

In Monday's EWI short term update, apparently Steve Hochberg brought up the possibility of an Ending Diagonal being still in play, and that a move below 992.49 would confirm that the latest advance has topped.

Yahoo Tech Ticker has a video of Prechter talking about how the Dollar has hit a "Major bottom.

http://finance.yahoo.com/tech-ticke...r-Says-Why-That's-Not-Such-Good-News?tickers=^DJI,^GSPC,UUP,UDN,TBT,GLD,SLV

 

[Landis82]

Goldman puts BTU on their conviction buy list this morning...

OIH just broke the 40 day MA at 101.30
More fodder for the BEARS!!!

 

[Mup]

Thanks Mike for the links

While that 990 area hold bulls still have a chance, if it goes then it seals their fate....

 

[Mup]

OIH looks like it wants to test that $79 area...

Daily OIH

 

[mu200411]

The correction is bigger than expected :eek: .
This may be Wave 3)3.2 at 3)1 top or at 3)3.1:4,
There may a rebound from here .

 

[KOOLBLUE]

my objective