Ewj: elliott wave

That's why i don't use EW standalone... because it could be a motive wave indeed.
The other indicators tell me that it's almost time for a correction/sideway move.
If it goes sideways or retraces lets say 38.2% of the March up-trend and the indicators start showing some strength again then im definitly relabeling to motive. :cool:

Have you got some links that we could learn from? I'm allways interested in alternative counts and theories :)
 
of course, i have
give me your mail 'cause some of them are not free services, and i don't want any claims...
:)
of couse extended to all that desire to see this studies of italian web-sites, reporting on elliott wave ..one of them needs only registration...but DELAYED studies, sufficient 4 our purpose
others fees

but do you understand italian language?

:)
 
Quote from ed:10-06-09 02:17 PM

Mu,

I agree with you that things are still looking bullish...at least for a while more..... :)

I still feel the upmove from the Mar'09 lows is a correction. How far it goes is a mess right now.....

The VIX however, seems to have completed a ABCDE. So it could mean there's more room for it to drop, and conversely, the indices to move up. :)

VIX Weekly http://www.elitetrader.com/vb/attachment.php?postid=2595968
More...

Updated VIX weekly. Lookout for the support at 22.19. :)

If it holds and bounces up, then a first checkpoint would be around ~24.50 :)

Edit:
Hey Mu, looks like my potential VIX spike is in sync with your anticipated SPX drop..... :D
 

Attachments

Not too bad.... We got our pop in the VIX and the drop in the SPX as anticipated! :)

Now to figure out if the "mess" pattern is a correction or a downward impulse..... :)
 
Yes ed :cool: .
mu.

The Market crossed the red line and fell as expected :) .
Five waves DOWN, three waves UP, there may be another five waves DOWN :confused: ,
before a bigger five waves UP to new high :D .

Note: Beware of the second red line.
 

Attachments

Quote from ed:

Up some more? :)

ESZ9 30min

Lookout for the FED minutes at 1400 :)
More...

Ok.... Got my few points profit in the ES.... :)

Let's see how Mr Market reacts to the FED.... :)
 
You must log in or register to reply here.
Back
Top