Ewj: elliott wave

Ready to go for Microwave iii.v which may be 250,25,50 points long.

 

A triangle would fit your iv Mu ?

Other wise a simple wave 1, 2

I'm still with the bears untill its overbalances

 

While its quiet ...

Rember that APPL Chart from page 91

I see the ED wave 5 was labled on $192
:eek:

I hope elovemer caught some of the ride down

http://www.elitetrader.com/vb/attachment.php?s=&postid=1661921

 

Here's the big PUSH DOWN one more time!

1467.80 in the SPX.

 

Could get an ED into that Measured Move target..

 

Looks real close here.

Doing a small (iv) here just before the actual LOW?

 

Microwave iii < Microwave i.
Microwave v should not be longer than Microwave iii.
This down move should not be longer than 220, 25, 60 points.
Prepare to reverse position when there is a higher high near target.
This will be the end of Subminuette Wave iii.

 

Going down as Infrawave iii.v:v about 80,12,20 points long.
May or may not reach target.

 

Thats the larger target Measured Move.. 1461 area..

If it breaks that then its implusing and we'll a lot further to fall in the long run...

 

Target reached. Prepare to close short position and enter long position for a 200 - 300, 20 - 30, 40 - 60 ride when there is a higher high. Set stop at the last low.