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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.
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Thursday, January 26, 2012
1/26/12 - EOD Update
Another late post for me. Last night I speculated that wave 3 was complete but that an over-throw could occur due to the 60 min MACD buy signal. Well, looks like that happened today.
I believe wave a of 4 most likely completed today and that wave b should be expected next to test the bottom of the channel.
I like this as the alternate.