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.
Monday, August 24, 2009
P2 Top?
Let's revisit the above chart. Remember all the trend lines converging would make for a good target for P2 to end? If not revisit the post here.
Now let's examine this chart above. If my count for Minor C of (Y) is correct thus far, Minor C would end at a very reasonable area near the converging trend lines.
Just some food for thought.
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