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, September 8, 2010
9/8/10
Didn't have much time today to post anything intraday. The market found resistance at the round 1100 level.
I have the count showing 4 complete and 5 beginning today. However, it is possible 4 may still be in progress and possibly forming a triangle as noted with the alternate labels. Overall the pattern looks like a pennant, which may be indicating a continuation of this move up is in store.
A little busy today so I'm not sure I'll get more charts out to you.