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.
Tuesday, May 11, 2010
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You make a great point in prior post -- If this rally breaks thru Wave 1 down (1181) of the supposed P3 move (as indicated on your chart in prior post), P3 is officially cancelled for now and we finish a proper Z of P2. So the race is between breaking the last X Wave (9840) to downside (and confirm P3 is here) or break the Wave 1 (1181) to upside (and confirm P2 still here).
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