Discussion in 'Technical Analysis' started by mu200411, Aug 13, 2007.
UTIL Cycle Wave I might have ended at 778.80 and UTIL is leading the way down.
INDU is approaching measured moves and wave count targets.
Failed "Big M" caused a lot of trouble.
SPX, instead of going down, shot up to measured move at 2872 then fell to 2759.
What comes next?
It's not my fault.
Blame it on Elliott's fifth waves and measured moves.
TRAN gives more visible wave count.
We may be in Wave V]V)I5]5)4.a or V]V)I5]4)a or V]V)IIa]?
INDU may be in Wave IIa]1)2.a or 4)b.a
its an elliott wave thread.why the extra ray beams and moving snakes???
COMPQX Wave b.c met a lot of resistances around here.
INDU fell from resistances.
May be the beginning of Wave IIa]3) or I5]4)c
or Wave .4 of a new bull market.
INDU fell as 5 waves, there may be another 5 waves DOWN after a small rebound.
Separate names with a comma.