SPY EWT Six Corrective Wave Formations

No matter whom's EW count you wanna go with, currently the mkt is in a corrective 4 wave up , about to hit a five part 5 wave down before embarking on either a little corrective wave up or a big one.

So... "HEADZUP, LADIES!!!"

Know your enemy and respect him.

Wave Forms in Corrective WaveCorrective Wave forms are rather complicated, but basically we can categorize them into six major wave forms:

Zig-Zag : abc pattern composed of 5-3-5 sub-wave structure.

Flat : abc pattern composed of 3-3-5 sub-wave structure, with b equals a.

Irregular : abc pattern composed of 3-3-5 sub-wave structure, with b longer than a.

Horizontal Triangle : 5-wave triangular pattern composed of 3-3-3-3-3 sub-wave structure.

Double Three : abcx-abc pattern composed of any two from above, linked by x wave.

Triple Three : abcx-abcx-abc pattern composed of any three from above, linked by two x waves.

SPY EWT Count Variants

Original opinion:

I really don't have an opinion as to which of the [evilspeculator or market oracle counts] I think or feel is better or more accurate.

Toss up to me.

MAR 19 opinion:

I'm not convinced MAR 6 was the end of Primary 1 

- and -  

that this isn't the 4A wave.

I like the original EWI/evilspeculator count, which I have further embellished, but keeping with the spirit.

SPY SloStoch & Willie Eval for Q1 & Q4 08 EWT 3 to 4

Tightening Stops on Longs & Entering Initial SPY Puts

SPY EWT 3 to 4 Fibs Re-work

Since 3 to 4 should not move above the lows of 1 to 2 I had to re-work the fib retracements from the lows of 1 as the top to the lows of 3 as the bottom.

Key SPY Fib levels:

100% - 80.11 

(Good luck! But it did happen in FEB & MAR of 2008.)

62% - 75.14

50% - 73.61 (Passed that this morning.)

Week Review - March 9 - 13

Week Review - March 9 - 13

New Lows dropped to <100!

SPY for the next few... days? Weeks?

SPX EWT Rosetta Stone

SPY 3 to 4 EWT may be a A-B-C move

A-B-C between JAN - MAR 2008 &  OCT - NOV 08.

Think of an A-B-C move as a distorted letter N.

Soon, EWT 3 to 4 should come after the volume hits ~600M.