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.
Friday, January 8, 2010
1/8 - SPX : Minor C of (Z) An Ending Diagonal?
Here's another way to count this if the top was not in yesterday.
By this count, if correct, a final minuette (c) would be expected. It is possible minuette (c) will also result in an ED. I don't show it on the chart now because it is still too early to tell, but I will update this post if it starts to look that way.
1144 makes for a good top because I show a Fib confluence here:
Minute [v] = [i]
Minuette (c) = .618 x (a)
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hey soun ds like you might have nailed it, got an update
ReplyDeleteWhitemule,
ReplyDeletethx for viewing. I guess we'll know sometime next week. There r some pretty bullish counts out there that I wouldn't quite discount either. Check out pug's (found on my blogroll if ur not familiar with him) for one version. I'll try to post some stuff over the weekend.