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, February 11, 2010
2/11 - SPX AM UPDATE
I like this option. The count is labeled in red as ALT.
This was a quick glance at the chart. I'll try to drill down the squiggles to make sure it works but for now, this a strong possibility. Wave y of (ii) ends with and ED.
It should be capped at the upper descending trendline in purple.
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