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 8, 2009
SPX- 10/8 AM UPDATE: Bearish Count
I stumbled upon this count on Kenny's blog. All kudos go out to C's & 3's and fool53 on this one.
C's & 3's chart can be found here.
Wave (c) red of [ii] of this possible expanded flat would end nicely right around that 1070 level. This would make wave (c) red approximately 1.618 x (a) red and make wave subminuette v green approximately 1.618 x subminuette i green.
Of course a break above 1080.15 (black horizontal line) would invalidate this count. It's getting close.
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