Ewj: elliott wave

keep up the good work mu!

don't have much time to trade, but i'm watching this thread :cool:

i'm waiting for a short entry before august with stop near 1124

trying to catch a wave (3) down :D
 

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We have been following this correction since May 11, 2010,
and keep looking for another lower low, it may be time to call if off.
This correction is bigger than the previous two, namely Wave 2) and Wave 4), so it can be safely labeled as Wave 2].
Only one objection is "the rule of alteration" .
When the last BULL turns bearish saying "unusually uncertain",
the New Bull Market might have begun, target = SPX 1550.
Next target SPX 1150, final show down between BULLs and BEARs.
There may be no chance for the TRAPPED BEARs to get out even :eek: .
Quote from mu200411:05-11-10 07:36 PM

Friday's may be Wave 2]b) of a zigzag or triangular correction or
Wave 3]1)1.1:3 of new bull market.
http://www.elitetrader.com/vb/attachment.php?s=&postid=2835727
More...
Quote from mu200411:06-11-10 08:08 AM

Wave V]V)I3] might have begun :) .
We've got our BEAR Trap :D .
"W" pattern, if confirmed, i.e., DMA200@1107 and the neckline crossed UP, signals a jump.
There may be a sHs pattern ahead at 1148, with DMA 50 as resistance :confused: .
If this sHs confirmed, Wave 2]c) may end at 970 :( .
If "W" pattern failed, Wave 2]c) may end at 930 :eek: .
http://www.elitetrader.com/vb/attachment.php?s=&postid=2868333
More...
Quote from mu200411:06-30-10 08:59 PM


Our sHs finally materialized :) .
Alternate Bear-Bull Trap :eek: .
Note fractal patterns.
Will the green be completed :confused:?
MACD cut trigger line. RSI to fall below 30% line soon.
Sentiment more bearish.
http://www.elitetrader.com/vb/attachment.php?s=&postid=2885053
More...
 

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Mr.Market likes to confuse people and discredits expert :eek: .
Today there may something like an Evening Star pattern :) .
Tomorrow another buy signal :D .
Then a fall to a lower low, just to bounce back to new high :mad: .
A new "Rule of Alteration",
between BULL Trap and BEAR Trap :cool: .
 

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The most confusing pattern would be a 5-waves UP,
because it can be wave 1 for the BULLs or c for the BEARs alike.
If the Market falls from 200-DMA after the Evening Star it will be a clear signal for the BEARs.
So Mr.Market may choose a 5-waves UP.
 

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Fifth wave UP :cool: .
So Mr.Market finally did what should have done :D .
Be aware of the BULL and BEAR Traps.
Red line for SELL Signals.
Quote from mu200411:07-30-10 06:20 PM

The most confusing pattern would be a 5-waves UP,
because it can be wave 1 for the BULLs or c for the BEARs alike.
If the Market falls from 200-DMA after the Evening Star it will be a clear signal for the BEARs.
So Mr.Market may choose a 5-waves UP.
http://www.elitetrader.com/vb/attachment.php?s=&postid=2910423
More...
 

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Oops! :eek: .
Wednesday was the last high as expected :cool: .
UTIL leads the way DOWN as MACD cuts trigger line.
Equity Put/Call R20 = 880 which presaged 6 previous drops.
 

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