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.
Monday, October 18, 2010
10/18/10 - Elliott Wave Oscillator
I came across the tradingfives website tonight and read their take on the Elliott Wave Oscillator. Check out their website for more on this.
I played around with the count using the oscillator and I think this may be a pretty good count. Based on this count, minuette (iii) of minute [iii] completed today.
Two things about this count that bug me are: 1. Minuette (iii) is only .618*a and 2. minuette (iii) so far doesn't look all that impulsive.
As I type this, SPX futures is down 6 pts. Perhaps minuette (iv) is in progress. We'll see.