Ewj: elliott wave

Five waves UP .
There may be a measured move UP to 1070 .

 

Very strong move!

only 1 NR remaining.

 

VIX hit resistance right smack between the 78.6% and 88.6% level.

Hints of the start of an ED here..... Could possibly reach new highs for the SPX again.... :eek:

 

Large five waves DOWN, three waves UP, massive sell off :eek: .
Should consider playing the short side of the Market .

 

Yes Mu! Short is good!

Let the bears gather and growl!

VIX Weekly

 

Three alternative count:
1.Wave 3 means a 350, 60, 135 points DOWN to 9606, 1005, 1965 .
2.Wave V]IV)C3]1.5:5 means a rebound UP to 9960, 1065, 2100 then DOWN to below 9606, 1005, 1965 .
3.Wave V)I1]4)c.5:5 means a rebount to new high .
Cross the red lines UP = BUY siganl, DOWN = SELL signal.

 

The BULL is dying :eek: ,
or just falls sick .

 

Looks like a 5wave about to end. (wave 1)
Think it will be a neutral to slightly higher week(wave 2)
Then a possible SHS(wave 3)

Let's see where the crowd wants to go

 

P&F SELL signals in INDU and NASDAQ :eek: .
Are they BULL traps .

Stocks ready for November bounce
Futures point to higher open as investors shake off CIT bankruptcy, eye opportunities following Friday's selloff.
http://money.cnn.com/2009/11/02/markets/premarkets/index.htm

 

VIX 120min