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.
Wednesday, January 20, 2010
1/20 - TRANS Top?
I posted the top chart a while back calling a top in the trannies. It's been a while since I took a look but since then, I think the call may have been correct.
A closer look at the 60 min chart shows a 1-2, 1-2 setup with today's drop wave 3. I do have the Alt:4 in place just in case but so far it's looking pretty bearish.
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