Ewj: elliott wave

....wont happen, cycles are turning up now into friday

 

I am certainly leaning that way as well KOOL, because it would catch a lot of guys "out" for sure!

Mr. Market should show his hand here in the last hour of trading.

 

The Bloggers may wish to cover their eyes....

240min Globex

 

traditional support and resistance level

http://charts.dacharts.net/2009-08-11/eMini.gif

 

PTEN coiling like a "spring" and finding some support off the 40 day MA???

Or is it simply too early to tell.
Short interest out today after the close for NASDAQ issues like PTEN.

 

B forming

http://charts.dacharts.net/2009-08-11/eMini2.gif

 

bingo! on the 996.50 projection and possible end of wave 4? Now we'll have to see what happens!

 

Bit more outside the box count......

240min SPX

 

Some VERY LIGHT volumes today for sure.

 

DAMN... I LOVE THIS COUNT!!!