Ewj: elliott wave

Are $BPNYA and Equity Put/Call ratio changing direction .

 

A lower high .
Will there be a lower low .
Note: If you keep saying, "the Market will go DOWN", long enough, the Market will go DOWN as you say .

 

SPX bounced back up and looks impulsive. The market has been very resilient :eek:

 

ES may have formed a gartley sell - big one.

 

Must turn between 07 to 10 or the pattern is voided.

 

Some more false SELL Signals .
Divergences.
The 6th cut of the RSI.
Will this break out be finally a BULL Trap hoped for ??

 

Same old P&F targets
SPX 1295 :eek: .
___________________________________________________
Posted by mu200411 on 08-08-09 11:10 AM:

Point and Figure Targets:
INDU 12050 .
SPX 1295 .
NASDAQ Composite 2460 .
Note: Big Chart.

 

Alternative count:
We are in Wave 1]5) which can be equal to Wave 1]1) & Wave 1]3) or 61.8% of Wave 1]1) & Wave 1]3) .
Target SPX 1315 or 1215

Note: the green incomplete ED.

 

mu
I've been lurking
Looking at the waves, the first wave lasted 4 months, would it be proper to think that the last wave would last the same. In otherwords be done some time in May/2010?

erie

 

Yes erierambler,
"Sell in May, and go away" .
mu.