Ewj: elliott wave

It could run at this morings gap close from here as Mu hints at...

All the bulls have to do is get above 994 (ES)area.... (last lesser alt)

If they carn't then its good night irene for a trip to 976 :eek:

 

comments?..

 

RSI crossed 70% line DOWN :eek: .
MACD is about to cross the trigger line :eek: :eek: .
The wave that ended may be Wave 3),
Wave 4) may end at top of Wave 1) or 38.2% retracement, i.e., 956 .

 

Looks like we are trying to put in a double-bottom on the short-term one minute SPY chart here.

 

"W" pattern confirmations in EUR/USD and Crude Oil .
SPX's may followed soon .

Edit: 08-12-09 02:11 AM
SPX's "W" pattern confirmation as expected .

 

And they say its not techincal

5min ES

 

SPY retracements from yesterday's close to this morning low:

.382 = 100.04

.500 = 100.22

.618 = 100.40

Note: Just traded 100.02
C = 85% of A thus far today.

 

999-1000 (ES) area is the Bechmark Alt & 38.2%

 

EW bloggers now see a (1) and (2) over the short-term and are ALL looking for the (3) down to start right now...

 

Thats a brave count considering its not proved its impulsive...