Monday, October 18, 2010
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.