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, October 8, 2010
10/8/10 - EOD Update : GOLDEN CROSS
Interesting. No one, at least I haven't seen amongst the bloggers that I follow or the media as of this post, have mentioned that the Golden Cross occurred on the DOW on 10/1/10.
Any significance? Who knows because not much came from the death cross. At the least, because the short term trend is bullish, this can only support that case further.
Ok. Just wanted to put this out there for now.
Will comment on my 60 min chart later. One thing, I believe the ending diagonal may still be in progress. The COMPQ and DOW may support this.
OK. More later. It's time for happy hour.