Ewj: elliott wave

[ed]

Probably.....

SPX 60min

 

[PaulRon]

yup.. looks like i jumped the gun thinking 5 was in to complete C. I'm also following your new count.

 

[ed]

Short ES 1060.50 for a scalp....

 

[ed]

Charts not too obedient today. Closed out at 1057.25.

 

[PaulRon]

Quote from ed:

Charts not too obedient today. Closed out at 1057.25.

huh? why did you cover?

 

[mu200411]

Yes there was Wave five rebound to 1065 .
There may be another 5-waves UP to 1085 .

Quote from mu200411:11-04-09 04:34 PM

Will there be Wave five rebound to 1066 ???
http://www.elitetrader.com/vb/attachment.php?postid=2628391

 

[ed]

PaulRon,

Not sure if my internet connection is unstable or my charts are darting around. I don't feel comfortable when my charts are mis-behaving.

Also, I opened the trade specifically for a scalp. I got the scalp. Market turned back up

ESZ9 5min

 

[ed]

That 14 points drop and rebound in the ES sure threw up a lot of opportunities!

Trying a new chart provider today.

SPX 60min

PS: This abc-x-abc count seems to hint something is brewing and may be announced over the weekend. Any news Landis?

 

[ed]

The SPX seems to want to dive again....

Take your pick

SPX 60min

 

[mu200411]

Gold breaks $1,100
The precious metal rallies after the U.S. government says the nation's unemployment rate surged to 10.2% in October.
http://money.cnn.com/2009/11/06/markets/gold/index.htm