Ewj: elliott wave

[mu200411]

500-days charts are a cross road .
Crossing the red lines DOWN is Bearish .
Crossing the blue lines UP is Bullish
Crossing DOWN and UP will be confusing .

 

[mu200411]

There may be a rebound from measured move , but
crossing the red lines DOWN is bad .

 

[mu200411]

5000-minutes chart showed that this correction is a correction of a wave which is bigger than 5000-minutes.
It also showed some supports.

 

[Landis82]

Looks like we might completed an a-b-c-d-e that originated at the end of July ... which just completed a larger (B), with Friday's rally into the close the beginning of the (C) back up.

 

[KOOLBLUE]

if we go up to 1012-14 on globex declining to 1009 or below by the open ,then i would favor this scenerio. normal e wave about halfway down.. say 1000?) :eek:

 

[ed]

It's been a long time since the ES moved more than 20 points outside regular trading hours......

This could have been posted before (....i've not been following the forum....) but i prefer the red count.... Take your pick!

ESU9 120min

 

[Mup]

Hi ed

I've also looking towards the flat/elongated pattern....

Ouside the Box SPX
http://www.elitetrader.com/vb/attachment.php?s=&postid=2536697

ES 60min Friday open
http://www.elitetrader.com/vb/attachment.php?s=&postid=2540824

Are we setting up an elongated "c" wave pattern to trick the bears even more...?
ES 60min Friday mid
http://www.elitetrader.com/vb/attachment.php?s=&postid=2541044

Beckman 60min ES Friday close
http://www.elitetrader.com/vb/attachment.php?s=&postid=2541463

Not technical at all.... :eek:

In the iii if its elongated.....

 

[Landis82]

Quote from Landis82:

Looks like we might completed an a-b-c-d-e that originated at the end of July ... which just completed a larger (B), with Friday's rally into the close the beginning of the (C) back up.

So much for the blogger's running "triangle".
Wrong again.

 

[Mup]

As the old Bolton rule of thumb goes......

If it looks like a Triangle, its probably not......

We've had the heads up on the count though since early last week ... :eek:

 

[ed]

Quote from Mup:

Hi ed

I've also looking towards the flat/elongated pattern....

Mup,

Thanks for being so nice by providing all the shortcut links for me in one post!!!

Really nice! Thanks!

Edit:
Just to add that the 978 region marks the 123% of A and the 974 region is the 138% of A. Both could be potential support areas.