Ewj: elliott wave

[mu200411]

USD UP .
Everythings DOWN .

 

[third wave]

Quote from ed:

Could have counted too fast Mu?

Looks a little more like a "B" wave to me. But well, does it matter? The next move after it completes is up....

ESZ9 Daily

been having problems
1- considering a triangle formation in wave 2

• Welle 2 ist eine Korrektur aber kein Triangel
wave 2 is any correction but never a triangle
2-i prefer B

what d u think about #1?

 

[ed]

Hi third wave,

Yes, you are right that triangles almost never occur in wave 2. If you look closer, there is a chance it is not a triangle but a flat. Since it has not completed, we can only speculate and tilt on the greater odds isn't it?

Which is why I kind of prefer labelling it a "B" wave too as it fits into what I think is the larger picture below......

We'll just have to wait and see how Mr Market unfolds

Quote from ed:12-08-09 04:52 PM

A bigger picture on the daily SPX
http://www.elitetrader.com/vb/attachment.php?postid=2664851

 

[MitchWorse]

@ Third Wave

Can you post a chart with your view?
Then we can share our view on it.( not sure what you mean right now
)

 

[third wave]

Quote from MitchWorse:

@ Third Wave

Can you post a chart with your view?
Then we can share our view on it.( not sure what you mean right now
)

momentanely i dispose only of comit italian index ancient

 

[MitchWorse]

Borrowed Ed's spx daily

There's something to say about a triple zigzag.
If so then this "B" is a flat and the next move should become "C up" which would complete the 3rd ZigZag.(not pretty btw)

All these ABC's making it hard, so i'm zooming out a bit.

With windowdressing completing this "fantastic" year it sounds as a plausible theory...

 

[mu200411]

Three waves UP .
Not a typical sign of the beginning of Wave 5)3.3 .

 

[mu200411]

Looks like Wave 5)3.3 .
This may be year end rally .
There may be a new high .

 

[Landis82]

Funny how Neely got stopped out of a short position and Prechter is 200% short even though his in-house analyst, Steven Hochberg is unequivocally bullish given the A-B-C-D-E triangle in the Dow Jones that began back on Nov. 19th and recently terminated earlier this week.

 

[mu200411]

Five waves UP .
There may be another 5-waves UP and a measured move .