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 - Running Flat (ii) Revised
So it looks like the minuette (i) for minute [iii] was not quite complete. I adjusted some of my labels to better reflect the count. This actually looks better to me and I think works because the (c) of the minute [ii] shows a complete five waves, with wave 5 truncating.
Is it correct? Not exactly sure but it sure counts well for me.
I'll try real hard to come up with a bullish count but I think I it will be a stretch. Many still talk about an ED for C but I don't think this count works. I just don't see enough of a three wave structure to count that way. But I will take a lot and see if I can post a count.
GL!
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