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, September 28, 2009
SPX 9/28: Wave 1 LD-
I just wanted to put this one out there again with a closer look at the possible LD that ended today. They are pretty clean three wave structures. But of course this could just easily be a wave 4 expanding triangle.
And say it is a wave 4 triangle. This would make for a nice 5 wave impulse up from the 9/25 (1041) bottom. If that bottom is minute iv and this new impulse is a minute v, it is also possible it completes tomorrow and truncates.
Either way, we should see a move higher at the open. Take a look and decide for yourself.
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you unstopable!!!
ReplyDeleteso the right count is that this is iv of 1 of v as i told you yesterday i hope you bet on my count and not on yours.