Ewj: elliott wave

Five waves UP, three waves DOWN.
The DOWN move looked corrective and was at measured move :) .
May be it's time for an UP move :D .

The red line was broken and the market corrected for 3 days.
Quote from mu200411:08-22-09 08:14 AM

Fifth subwave v of fifth wave 3)3.1:5 :cool: .
What's next :confused: .
Note: Be-aware of the red lines :eek: .
http://www.elitetrader.com/vb/attachment.php?s=&postid=2549714
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Thanks elovemer,
Yahoo's charts are good for wave counting, especially for the very old time, you can zoom in as close as you like.
The draw back is "GSPC is not exactly equal to ES".
mu.

Five waves UP again :) .
There may be a measured move UP, after some set back :D .
 

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Handy those 1:1's we had the price target this morning before it even happend :D

New highs would be nice....(if its following the usual double down pattern)

That same 60min (yawn) :)
 

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Mup pinned down the lows and the highs time and again.
Why should there still be question like "Anyone made money using Elliott Waves ? " :confused: ?

Edit: 08-28-09 02:10 AM
Fifth sub-subwave of fifth subwave of fifth wave :) ,
swing trader should sell here and buy back at wave :iv :D .
 
Thanks Mu, :)

Although it can be said, that trading is a different beast to analysis....

Its how the analysis is used......

One of EW strongest points rather than picking tops & bottoms is, highlighting when your wrong.Most seem to have that focus reversed....
 
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