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To: elliottrules who wrote (170628)8/20/2008 7:19:46 PM
From: The Freep  Respond to of 209892
 
Hey, ER... I agree that above 8413 is good for more up... though mebbe just a brother to the July up move. Still, I don't think 8260 is of any significance to the current count... so I'm not thinking anything significant happened today. Will be watching a boatload of financials tomorrow/Friday, though, as they, like your count, coulda finished up wee C downs here. Not my favored, but hey... it's well worth watching.



To: elliottrules who wrote (170628)8/21/2008 10:52:28 AM
From: elliottrules  Read Replies (1) | Respond to of 209892
 
Added a Nas 100 long at 1889. Leaves me long 5, 4 from 1711 and 1 from 1889

Several possibilities, but 1888 is 50% of the advance from 8/4 to 8/15. Could be 1,2,i,ii from July low. Could be wave a of 4 from July low. Could also be A,B,C up from the July low...and that could be ugly.




To: elliottrules who wrote (170628)8/21/2008 1:14:21 PM
From: elliottrules  Read Replies (1) | Respond to of 209892
 
NYA (NYSE Comp) now above 8292 at 8296 + 18, 2 down 1 to go.

BIG monster resistance at the apex of 'b' triangle from the 7/31 high at 8413. Above there and it should signal that wave ii (or b) is in from the July 15th low...

Placing a stop at 8195.

Keeping my fingers crossed.