Ewj: elliott wave

Elo,

Thanks for the percentages! Very timely indeed! :)

Looks like that 5 completed waves down bearish count needs to be discarded. $DJIA has surpassed its Oct's high of 10120. :) (Or are my charts acting up again!?!?!?)

Still better to stick with scalps for the moment :D
 
SPX 1085.05 :) .
First target neared :D .
How about the second target :confused: .
Quote from mu200411:11-07-09 12:00 PM

An ED or a measured move UP to 1090 :confused: .
After the ED's correction, there may be another 5-waves UP to 1130 :confused: :confused: .
More...
 
Stop moved. Covered for a small loss @ 1083.75 :)

A ton of resistance on top but some loaded buyers seems to want to push through...
 
From Neely an hour ago

"So far, the S&P is following the red-dashed
projection line almost exactly.

That gives the “wave-(B) isn’t over”
scenario greater weight, which means
one more, larger rally is underway. If
correct, I would expect a top near the
1200 level. Optimism should get very
high by then, allowing us to go Short."
 
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