Ewj: elliott wave

Daily: Bullish
Weekly: :eek: :eek:

A few reasons why i'm not buying for the long term :p

There's room for a new high within 2 weeks...but then?
Gonna ride the bull with some tight stops, ready to short
:cool:
 

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The internet feels incredibly slow today! Everything is lagging.

Since Nov 3rd, there seems to be 3 complete waves up. W3 is 200% of W1. If that is so, then the usual minimum retracement of 38.2% would bring us to about 1079 in the ES before the upward trend resumes. :)

Count invalid above ES 1100.

ESZ9 120min :)
 

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SPX 1105 :) .
May be going to the second target :D .
Quote from mu200411:11-07-09 05:00 AM

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...
 
Quote from ed:

Short ES anyone? :)

Plan your trades 'cos I will not be updating! :)
More...

Short 1097. Covered 1089.00. :)

I really liked the fib ratios in the earlier chart, so I took a risk with that trade by placing the contingent orders and stops and walking away (hence no updates...:)). Glad Mr Market obeyed the fibs.... :D
 
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