Monday, October 18, 2010

10/18/10 - Elliott Wave Oscillator

SPX - 60 Min

I came across the tradingfives website tonight and read their take on the Elliott Wave Oscillator. Check out their website for more on this.

I played around with the count using the oscillator and I think this may be a pretty good count. Based on this count, minuette (iii) of minute [iii] completed today.

Two things about this count that bug me are: 1. Minuette (iii) is only .618*a and 2. minuette (iii) so far doesn't look all that impulsive.

As I type this, SPX futures is down 6 pts. Perhaps minuette (iv) is in progress. We'll see.
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