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, October 1, 2009
SPX 10/1 AM - Running Flat (ii)?
I thought I would post this for SPX as well. Still watching the Dow for that potential Wave 1 LD.
I'll have to sort out the degrees. Today's decline so far may only be the first wave of wave 3. It appears she may have completed for now.
If so, minuette (ii) of Minute [iii] should retrace a proper Fib level before minuette (iii) of [iii] plays out tomorrow.
I could be early, but so far this looks like a proper count.
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