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.
Wednesday, August 5, 2009
An Alternate Count to This Ending Diagonal
There is also a larger ED playing out that may also be counted. With this am's action so far that may be wave iv of that larger diagonal. At this point I will wait for it to play out before addressing that scenario.
Though 969 is very far off, a break below that and the larger ED scenario I am talking about will be off the table. Again, I won't address this larger ED scenario until we see the rest of today's action.
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