Ewj: elliott wave

Changed degree from that simple wave 4 option...

So we "slid up" one degree....

for an a-b-c (below the 50% lowers the odds for this option....)

On a side note its been a while since we've had the 3 spikes pattern after the fed on the 5min...
 

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I think it was most SIGNIFICANT that the FXE (euro) once again bounced off of critical support at the 40 day MA - - - 141.00

This should give the energy and mining sector further upside support.

:)
 
Quote from Mup:

We just go off the technicals...:) )

Pundits can bloviate all they want.... :D

That simple blogger's cover their eyes chart....
More...

The latest "blogger" trade is to get short right here using the last high at 1018 as your stop (because they are convinced that P3 is about to start at any moment) and pray to God that the market doesn't gap up in your face and stop you out thru 1018.

Guess we're eventually heading for 1018 again. :D
 
Quote from Landis82:

OH MY!!!

Must be Goldman Sachs again MANIPULATING the markets with all of that TARP money!!!

BWAAAAAHAAAAHAAAAAAA!!!
:D :D :D
More...
Wellllllll... :) ... the Micro Trend Is UP.... and the Minor Trend is UP and the Major Trend is Up although the Primary Trend is down... so EYE is long most of this rally since market structure and wave principle is screaming go long baby... But...

I also believe that GS and the other primary dealers are goosing this market up, with the help of the FED and Treasury... to help swap private capital for debt instead of having the guv pay out more bailouts if possible...

but I is long width dem boys too... color me evil and long... :D
 
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