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, November 19, 2009
11/19 - DOW
Here's a possible count of the DOW. If P2 is strictly counted as a zigzag, Intermediate (C) may have topped with a minor wave 5 throw-over.
Minor 5 measures out to be just about .618x Minor 1 and price today dropped back into the trend channel.
Did we top? Still a long ways from finding out. I will definitely say this last leg up has certainly topped.
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