Ewj: elliott wave

Pg 79, EW Principle 20th Anniversary Edition:

"If the analyst can easily say to himself, "There is something wrong with this market," chances are it's a "B" wave."

Hmmm.... wonder if this applies right now.....

ESH0 61m :D
 

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Quote from mu200411:

...But not sure, this is Wave :3 or Wave .c :confused: .
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Does it matter? :)

They behave the same. We just need to get the direction right, isn't it?

Wave C or 3, enjoy the strong move up! :):D
 
Quote from ed:02-05-10 08:31 PM

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

Have a good weekend! :) :)

SPX 60min :)
http://www.elitetrader.com/vb/attachment.php?postid=2722976
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After taking another look at this chart, I still feel 1097 to be a good target before the down move resumes. :)

The intraday squiggles may be difficult to anticipate and define though, so I think it's best to leave it to Mr Market to chart its own path there... :)

"However, in lethargic or choppy markets, particularly in corrections, wave structures are more likely to be complex and slow to develop. In these cases, a longer term chart often effectively condenses the action into a form that clarifies the pattern in progress." (Pg 68 EWP 20th Anniversary Edition)

:)
 
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