This ain't your Dads ESM9, the all new ESU9

here is my view of the ES

I am drawing these channel line using the 0% and 50% and picking that to hit the max number of "time spent near" areas of the price chart. The 100% channel ends up where it is, far below the recent top which does happen even on classic elliot wave theories.

http://screencast.com/t/1J9fnOWT