Ewj: elliott wave

[Landis82]

Hey Mup,

That was one helluva RINSE JOB!!!
Did they just "waste" all of the shorts there, or what??? :eek:

 

[Mup]

A step back to ponder the larger time frame...

What the bears seem to be missing....

Maybe Prechter should have a re-read of his chaper 4 on fib time sequences...??

Monthly SPX
Fib trilogy

 

[Landis82]

Mup, check your PM.

 

[elovemer]

.... price continues to respect the upper TL ....
.... every time it hits it .... price corrects just enough to make room for more up movement....

if wave 1 finished..... 100% extension would be around 1166

 

[ByLoSellHi]

Quote from Mup:

A step back to ponder the larger time frame...

What the bears seem to be missing....

Maybe Prechter should have a re-read of his chaper 4 on fib time sequences...??

Monthly SPX
Fib trilogy

Wow...John Denver would be blown away by that double top.

 

[Mup]

Globex fail to make a new high on the over night it got upto 1015.25

That may be the first hint a delta point is in and now were in the c wave to test that 985 level....

Below the 61.8% 998 (ES) puts the odds in firmly in the lesser the c wave...

If it holds then the Bulls still have an another run up option.....

Nice and simple LIS

 

[mu200411]

A more symmetrical reverse Head and Shoulders pattern .
And a 5-waves UP too .
There may a measured move UP to new 5-days high .

 

[Mup]

That simple 998 LIS

Bulls ned to hold this.....

15min ES

 

[elovemer]

... 1:1 down after the 5 waves up yesterday

 

[Mup]

Not Technical at all ))

If their sweeping the band, you normall get a wide spread bar back through the band to keep the remaining locked in orders from providing anymore supply....

see what yoy think....
15min ES