Ewj: elliott wave

[mu200411]

Four waves UP .
Will there be wave five UP ? .

 

[mu200411]

Mr.Market answers: No wave five, because it was a b-wave :eek: .
Wave 2]c) has begun .
We may be going DOWN to 1029 .

 

[ed]

Quote from ed:

Does it really matter whether we are in a wave 4 or wave 2 correction? It's in the same direction isn't it?

ESH0 120min
http://www.elitetrader.com/vb/attachment.php?postid=2719996

Update.... 5th wave down has started...

SPX 30min

 

[ed]

Possible ED forming....

Time to go long!

 

[ed]

Counted too fast earlier....

Here's a re-count...

SPX 10min

 

[mu200411]

Fifth wave at 25 points above 1029 target .
This may be Wave 2]c)1.5 .
Should be cautious before going long .

 

[ed]

Quote from mu200411:

Fifth wave at 25 points above 1029 target .
This may be Wave 2]c)1.5 .
Should be cautious before going long .

Thanks Mu

Just can't resist trying to "pick the bottom".....

 

[ed]

It's been a very rough ride with some stops taken out, but it has been fun trying to pick that bottom.....

Have a good weekend!

SPX 60min

 

[charts]

Quote from ed:

... SPX 60min

 

[mu200411]

ed,
A Hammer at 1045 .
You might have pinned the bottom .
mu.