Stock Market Analysis With The Elliott Wave Principle -Dow Jones, S&P 500, Russell 2000, Nasdaq and FX. All charts and commentary on this site are strictly the opinions of the author(s) and are for recreational purposes only. In no way should this be construed as trading advice or a recommendation for investing. See disclaimer at the bottom of the page.
Thursday, July 16, 2009
Is Minute Wave iii Complete?
By my count, I have minute wave iii complete. I am expecting as my preferred count minute wave iv to retrace this entire move up from the 869 low.
The question now is how far will it retrace?? I would suspect a nice short position could be taken with a stop of 945. Especially if Dr Doom is now bullish.
Let us see what the market has to offer tomorrow.
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